The chairman of Marks and Spencer admitted yesterday that the group had made several 'basic shopkeeping' mistakes when it launched its troubled first store in China.

Sir Stuart Rose said, however, that the UK retailer was committed to building more stores in China and doubling the proportion of group revenues derived from international sales.

Sir Stuart made his comments in a Financial Times interview during his first visit to the company’s flagship Shanghai store, where food supply problems and shortages of the smaller-sized clothes demanded by Chinese consumers have depressed trade.

Financial Times