Treasury Today Country Profiles in association with Citi

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Mike Wallace, Marks & Spencer

Mike Wallace, Group Treasurer, Marks & Spencer

Marks & Spencer is one of the UK’s leading retailers. It focuses on a wide range of upmarket products, from high quality food to clothing merchandise, and employs some 78,000 people in 43 territories globally. Marks & Spencer’s operations are largely UK-based where it has 721 stores, but in recent years it has sought to expand internationally. In 2011, despite difficult trading conditions, it increased its sales by 4.2% with a group revenue of £9.74 billion.

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