Thomas Spencer (7 November 1851 – 25 July 1905) was an English businessman, known for being the co-founder with

Michael Marks Michael Marks ( yi, מיכאל מארקס Polish: ''Michał Marks''; 1859? – 31 December 1907) was a businessman and entrepreneur, who with Thomas Spencer co-founded the British retail chain Marks & Spencer. Biography Marks was born into a ...

Marks & Spencer Marks and Spencer Group plc (commonly abbreviated to M&S and colloquially known as Marks's or Marks & Sparks) is a major British multinational retailer with headquarters in Paddington, London that specialises in selling clothing, beauty, home ...

, a major British retailer.

Early life

Spencer was born on 7 November 1851 in

Skipton Skipton (also known as Skipton-in-Craven) is a market town and civil parish in the Craven district of North Yorkshire, England. Historically in the East Division of Staincliffe Wapentake in the West Riding of Yorkshire, it is on the River Air ...

Yorkshire Yorkshire ( ; abbreviated Yorks), formally known as the County of York, is a Historic counties of England, historic county in northern England and by far the largest in the United Kingdom. Because of its large area in comparison with other Eng ...

. He moved to

Leeds Leeds () is a city and the administrative centre of the City of Leeds district in West Yorkshire, England. It is built around the River Aire and is in the eastern foothills of the Pennines. It is also the third-largest settlement (by populati ...

before he was 21 and worked as a book-keeper for a wholesale company started by Isaac Jowitt Dewhirst.

Marks & Spencer

Spencer and Michael Marks met when Dewhirst lent Marks money to run his stalls in Leeds. In 1894, when Marks had opened a permanent store in Leeds market he invited Spencer to become a partner in what became Marks & 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 Dewhirst and these allowed him to get the best prices for goods by dealing directly with the manufacturers. In 1903, Marks & Spencer became a

limited company In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by ...

: Spencer retired later that year.

Personal life

Spencer met and married Agnes Spencer Whitfield at St Saviour, Cross Green,

, in 1892. Whitfield was born in the village of Marton, now a part of

Middlesbrough Middlesbrough ( ) is a town on the southern bank of the River Tees in North Yorkshire, England. It is near the North York Moors national park. It is the namesake and main town of its local borough council area. Until the early 1800s, the a ...

. Together they had a son named Thomas Spencer Jr. Spencer died on 25 July 1905, in

Whittington Whittington may refer to: Places * Whittington, Victoria, Australia * Whittington, Illinois, United States England * Old Whittington, Derbyshire * New Whittington, Derbyshire * Whittington Moor, Derbyshire * Whittington, Gloucestershire * Whit ...

Staffordshire Staffordshire (; postal abbreviation Staffs.) is a landlocked county in the West Midlands region of England. It borders Cheshire to the northwest, Derbyshire and Leicestershire to the east, Warwickshire to the southeast, the West Midlands Cou ...

. His wife continued to fund charitable work such as the Church of St Agnes in Easterside, Middlesbrough, after his death, and died in 1959, now buried in the graveyard of St Cuthbert's Parish Church in Marton.

References

External links

Marks and Spencer website
1851 births 1905 deaths British retail company founders People from Skipton Burials in Staffordshire 19th-century English businesspeople {{UK-business-bio-stub