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UK: BP to open more M&S stores at petrol stations

BP is looking to expand its partnership with convenience retailer Marks & Spencer (M&S) by installing more stores at its gas stations, increasing profit and fending off competition, reports the Telegraph.



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As petrol margins get tighter, oil giant BP is planning to further tap the convenience part of its service stations business in order to maintain and increase profits. After a successful partnership that began in 2004 there now 248 M&S stores at BP forecourts.

BP plans to open an average of one M&S store per week during next year, increasing the total number of stores by a fifth.

At the forecourt, M&S is in charge of selecting the products to sell, while BP operates the stores and earns an undisclosed part of the products that are sold.

The positive results of a strong relationship with a prestigious convenience partner such as M&S, has convinced BP executives to try to replicate the same model overseas at some of the 17,200 gas stations it owns across the world. 

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