<P> It specialises in the selling of clothing, home products and luxury food products . M&S was founded in 1884 by Michael Marks and Thomas Spencer in Leeds . The company also began to sell branded goods like Kellogg's Corn Flakes in November 2008 . M&S currently has 959 stores across the U.K including 615 that only sell food products . </P> <P> In 1998, the company became the first British retailer to make a pre-tax profit of over £ 1 billion, although subsequently it went into a sudden slump, which took the company, its shareholders, who included hundreds of thousands of small investors, and nearly all retail analysts and business journalists, by surprise . In November 2009, it was announced that Marc Bolland, formerly of Morrisons, would take over as chief executive from executive chairman Stuart Rose in early 2010; Rose remained in the role of non-executive chairman until he was replaced by Robert Swannell in January 2011 . </P> <P> M&S have 959 stores throughout the UK, as well as many international stores; 58 stores in India, 48 stores in Turkey, 37 in Russia, 27 in Greece, 17 in Ireland, 14 in France, 11 in Poland, 6 in Hungary and Finland and 5 in Spain . </P> <P> In recent years its clothing sales have fallen whilst food sales have increased after the axing of "St. Michael's" naming for their own brand . </P>

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