In 2001 under the leadership of its Belgian CEO Luc Vandevelde the company decided to concentrate mainly on the British market and many foreign outlets were closed.
At present Marks&Spencer (M&S) realises ten percent of its turnover abroad. The company now wants this to rise to twenty or even thirty percent.
Le Soir quotes M&S CEO Stuart Rose who wants to enter the Belgian market once again.
At the end of 2001 the company closed its four Belgian outlets with the loss of 265 jobs.