金砖四国

MULTINATIONALS KEPT AT BAY IN DEMANDING INDIAN MARKET

In India, Marks and Spencer has learned that small and easily overlooked details can determine whether sales are made. Take, for example, men's shirts. In the UK, only a third of M&S shirts have pockets. But in sweltering India, where jackets are required only on formal occasions, most men want a pocket on their shirt for handy storage.

For its first eight years in India, M&S, the mainstay of the British high street, paid little heed to this. Operating through an Indian franchisee, Planet Retail, M&S stocked its 16 Indian stores with apparel reflecting UK consumer tastes.

That is now changing, along with M&S's business model for the country. In 2008, M&S ended its franchise deal and took 51 per cent of a joint venture company which it set up with Reliance Retail, part of one of India's largest conglomerates. It has started tailoring its local offerings for Indian tastes – from more brightly coloured men's polo shirts to higher necklines and lower sleeves for women's garments.

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