Marks & Spencer to sell food through Costa Coffee outlets

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Marks & Spencer is to start selling food through Costa Coffee outlets, the two companies announced today.


M&S sandwiches, salads and some other lines will be available in over 2,500 UK Costa Coffee stores and drive-thru outlets said the Coca-Cola owned coffee chain.


Grocer and clothing retailer M&S said the move would make it “more relevant, more often for families”.


The partnership is the latest in a series of initiatives from M&S that has seen shares in the group soar over the past year.


Last week, the retailer forecast full-year profit before tax and adjusted items of around GBP500mln as it reported pre-tax profits of GBP187mln for the first six months of this trading year.


Shares jumped 16% on that update and brokers now expect the company to regain its spot in the FTSE 100 in the next reshuffle.


An online delivery partnership with Ocado has done well, online clothing is growing fast and the group showed some unexpected flexibility earlier this week said analysts when it announced it would make some of its womenswear ranges available to rent in the run-up to Christmas.


Shares in M&S rose by 2% to 232.3p.

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