Thomas Spencer (Marks and Spencer)

Thomas Spencer (b. 1852 - d. 1905) was a founder of Marks and Spencer. He was born in Skipton, Yorkshire and was married to Agnes Spencer.

He was a cashier from the wholesale company I.J Dewhirst and in 1894 he joined Michael Marks to form Marks and Spencer. Spencer decided that the £300 required for a half-share in the business would be a good investment.

The running of the business was split between Spencer, who managed the office and warehouse, and Marks, who continued to run the market stalls. Spencer had developed some important contacts while working for Isaac Dewhurst and these allowed him to get the best prices for goods by dealing directly with the manufacturers. Together, Spencer and Marks were able to open stores in Manchester, Birmingham, Liverpool, Middlesbrough, Sheffield, Bristol, Hull, Sunderland and Cardiff.

A new warehouse in Manchester was built in 1897. This store became the centre of a business empire that by then included thirty-six branches. New stores had been built in Bradford, Leicester, Northampton, Preston, and Swansea. London had a total of seven branches.

In 1903 Marks & Spencer became a limited company. Spencer's original £300 investment had grown to a value of £15,000, and he retired later that year.

Spencer's wife Agnes was born in the village of Marton, North Yorkshire. The couple met and married in Leeds. Agnes funded charitable work such as the Church of St Agnes in Easterside. She died in 1959 and is buried in the graveyard of St Cuthbert's Parish Church in Marton.

References

* [http://www.marksandspencer.com/gp/node/n/46006031/026-5527614-9778839?ie=UTF8&mnSBrand=core Marks & Spencer History]

External links

*