Marks&Spencer, the famous British retailer, has invested £20 million in the technology industry. The investment comes after a 20-year break from its last venture capital investment.
Investment led by True
The investment was led by True. True is a retail and consumer investment firm. True states that it is Europe’s only retail and consumer sector specialist. True prides itself in fuelling new thinking and creating opportunities. The company says it uses influence to do good, as stated on its website.
Marks&Spencer aspirations:
Marks&Spencer made the investment hoping to strengthen its relationship with technology. The British company realized that for their business to survive, it is needed to go digital. Moreover, they are aspiring to lead the market through c...
