Marks & Spencer must reinvent itself from the U.K. to the Gulf

The iconic Marks & Spencer retailer (turnover of €12.2 billion in the year to late March 2019 via 1,035 stores in the U.K. and 428 internationally) has been knocked off a pedestal. On September 23rd this century-old company, one of the pillars of the British stock index, was removed from the Footsie exchange, no longer part of the 100 largest capitalisations of the British financial market.  For many years Marks & Spencer lost ground in the two main businesses. Food accounts for 62.5% of the bu