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Marks and Spencer is a chain of department stores which sells men’s and women’s clothing, home furnishing, plants and food. The company was started in 1884 by a Russian refugee, Michael Marks, who sold goods such as pins, cotton, and cloth from a box as he walked from village to village. Tom Spencer, an accountant, joined him in 1894 and six years later they had 34 ‘penny bazaars’, market stalls where everything sold for a penny. Today there are nearly 1,000 Marks and Spencer shops both in Britain and worldwide, the majority of them in Canada and in the USA. Marks and Spencer sells 5% of Britain’s food and 16% of its clothing. This gives the company great buying power and all its goods are produced by outside manufactures and then sold in the stores under the brand name St Michael, which was introduced in 1928. Marks and Spencer clothing is traditional in design and good value for money. Its food is expensive, of high quality and great choice. The stores’ hygienic and slightly oppressive atmosphere, mixed with hard business practice and great wealth make Marks and Spencer seem like a respectable middle-aged couple leading an obedient community.
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Marks and Spencer is _______.