COLOMBO: Marks & Spencer UK had extensive talks with representatives of Global Park and RJV International to finalize the next phase of their logistics operations in Sri Lanka.
Marks & Spencer is a UK based retail giant with over 400 stores located throughout the UK and 150 stores worldwide including over 130 Franchise businesses operating in 35 countries. The annual turnover of the company is over US$ 16 billion.
M&S have elected Global Park to house their Regional Logistics Hub where currently M&S brand garments purchased by RJV International from Sri Lanka, India and Bangladesh are stored for onward distribution to M&S outlet stores in UK based on their stock levels and sales requirements.
The initial operation commenced last year with RJV International purchasing garments in Sri Lanka for M&S outlet stores. Marks & Spencer moved to the next stage of the operation this year by making a strategic decision to use the Global Park Complex to house their regional logistics hub which began with the importation of garments by RJV international from factories producing for M&S in India and Bangladesh with necessary approvals from the Government of Sri Lanka.
An export consignment of garments was shipped to M&S outlet stores, UK in May this year by consolidating garments made in 3 different countries.
With the success of the Regional Hub that is now geared to handle complex multi country consolidation, M&S is now planning to use this hub to handle distribution to their international stores including franchise stores located in Asia and Middle East.
The Logistics Hub in Sri Lanka is expected to service over 15 countries in Asia and Middle East by next year. Industry heavy weights such as Hidaramani, Brandix and MAS Holdings are large direct suppliers to M&S and with the addition of this Regional Logistics Hub, Sri Lanka will be an important base for Marks & Spencer.