THE RETAIL BULLETIN - The home of retail news
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Health & Beauty
General Merchandise
Sports & Leisure
The Papers
Retail Solutions
Food & Drink
Marks & Spencer partners with Founders Factory

Marks & Spencer has teamed up with Founders Factory to launch a joint venture that will invest in start-up retail businesses and help them grow.


Marks & Spencer partners with Founders Factory

Marks & Spencer has teamed up with Founders Factory to launch a joint venture that will invest in start-up retail businesses and help them grow.

As Founders Factory’s exclusive retail partner, M&S said it will benefit from exposure to new technologies, business models and entrepreneurial thinking through the joint venture as it seeks to put digital at the heart of its transformation strategy.

Founders Factory Retail will invest in a range of start-ups that will be sourced through Founders Factory’s global network.

The retailer will become the majority shareholder within the joint venture.

Steve Rowe, M&S chief executive, said: “Partnering with Founders Factory as their exclusive retail partner gives M&S access to a global network of start-ups and entrepreneurs which will provide disruptive thinking and questioning to the way we work at a time of critical transformation within the business. Founders Factory have a great track record in creating successful businesses and by investing in new innovative technologies and products we hope to change the way we work and operate.”

Co-founded by founder Brent Hoberman and Henry Lane Fox, Founders Factory’s incubator creates 13 new start-ups each year while its accelerator invests in 35 start-ups annually. To date it has backed and built over 60 companies and aims to reach over 245 within five years.

Hoberman said: “We are excited to partner with M&S as our exclusive retail investor in the UK and combine the company’s scale and experience to support early-stage founders. After over 60 investments in the last two years we have seen the huge potential of combining start-up innovation with corporate scale and expertise, and so we are excited by this new chapter in a sector that is changing rapidly through technology.”

M&S recently announced a strategic partnership with Microsoft which is testing the capabilities of technology and artificial intelligence in a retail environment.

Stay updated with the latest retail news for free by subscribing to the Retail Bulletin mailing list.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News


Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Conference
The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
The 11th HR Summit 2019, Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy