Marks & Spencer to Stay in PH Market with New Franchise Partner After SSI Exit

You can stop worrying about where to find your fix of Marks and Spencer digestive cookies or those reliable multipack cotton vests. While it seemed like we were saying a final goodbye to the British retailer, new reports confirm that the shop is actually staying in the country. You do not have to stockpile those famous tea biscuits just yet because the brand is simply changing the way it does business here.

Earlier this week, the news broke that the current operator, SSI Group, would stop running the stores after May 2. This caused a bit of a stir for regular shoppers who rely on the brand for quality clothing and pantry staples. However, the British company clarified on Friday that they are not abandoning their Filipino customers but are moving to a new franchise partner instead.

Also read: British-Favorite Marks & Spencer Is Leaving The Philippines This May

New Marks and Spencer franchise partner to take over

^{Image credit: Marks & Spencer SM North Edsa Facebook}

The change comes after a twenty-year partnership with the Tantoco-led SSI Group. Marks and Spencer explained that this transition is part of a plan to support their goals for growth in the region. Even though the current stores are winding down their current management style, the brand itself remains fully committed to staying in the Philippines.

This update explains why SSI decided to let the brand go. The local firm mentioned that it needs to focus its energy on other brands that fit the current direction of the market. While SSI moves on to different luxury labels, Marks and Spencer is looking for a fresh start with a different partner to keep their presence alive in local malls.

Marks and Spencer store closure dates and transition

^{Image credit: Marks & Spencer SM North Edsa Facebook}

Although the brand is staying, there are still some changes coming up. The transition period means you might notice some shifts in how the shops operate once the new partner takes over. The partnership with SSI Group officially ends after May 2, but the brand will continue to operate under a new franchise partner.

The company promises to share more specific details about their growth plans and new locations very soon. For now, the most important thing to remember is that the May 2 deadline only applies to the current management. You can expect to see the brand back in business with a new team behind the scenes shortly after the transition.

For many Filipinos, this brand is a reliable source for items that last a long time, which helps with the overall cost of living. Knowing that the shops will remain open means you do not have to look for more expensive alternatives or pay high shipping fees for imported goods. You can continue your usual shopping habits once the new management is in place.

It is a relief to know that a familiar name is staying put. While the management behind the scenes is changing, the products you see on the shelves will likely remain the same. We will keep you updated as soon as the brand announces who will be taking over the shops and where the new branches will be located.

^{Featured image credit: Marks & Spencer Website}