According to the official press release of the British chain of clothing stores Marks & Spencer, the company also plans to set up a bank. Bank branches are planned to be opened in all stores of the network.
Of course, this process will take a lot of time. The network plans to open 50 bank branches M&S Bank over the next two years. At the same time, there are more than 700 stores in the UK alone. Plus another 300 in other countries.
Bank branches will be opened with the assistance of the bank HSBC, which has owned Marks & Spencer since 2004.
By the way, the network already has sufficient experience in providing financial services to its customers - since 1985, the service has been operating M&S Moneyalready used by at least 3 million Marks & Spencer customers.