British retailer Marks & Spencer (M&S) is expanding into the Philippines through a franchise partnership, according to a report from Drapers.
The franchise agreement will see M&S open its first stores in the country, though specific locations and timelines were not disclosed. The expansion is part of M&S's broader strategy to grow its international presence.
The Philippines represents a growing retail market, and M&S joins other international brands seeking to capitalize on consumer demand. Further details on the partnership are expected to be announced.