BBC News:

Marks & Spencer (M&S) has bought a majority stake in its eastern European franchise owner, as it aims to increase its number of stores in the region.

M&S has paid £10.6m for a 51% stake in COMS, which operates 13 M&S stores across the Czech Republic, Slovakia, Latvia and Lithuania.

Forming a joint venture with COMS, M&S said it would open an extra 30 stores across the four countries and Estonia.

Originally posted by Mark on March 21, 2008 in Franchise Site.

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