Thomas Spencer (businessman)

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Thomas Spencer (businessman) - Wikipedia

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Thomas Spencer
Born	(1851-11-07)7 November 1851 Skipton, Yorkshire, England
Died	25 July 1905(1905-07-25) (aged 53) Whittington, Staffordshire, England
Nationality	British
Citizenship	British
Occupation(s)	Retail businessman and company co-founder
Known for	Co-founder of retail company, Marks & Spencer
Spouse	Agnes Spencer Whitfield (m. 1892)
Children	1 (Thomas Spencer Jr.)

Thomas Spencer (7 November 1851 – 25 July 1905) was an English businessman, known for being the co-founder with Michael Marks of Marks & Spencer, a major British retailer.

Early life

Spencer was born on 7 November 1851 in Skipton, Yorkshire.^[1] He moved to Leeds before he was 21 and worked as a book-keeper for a wholesale company started by Isaac Jowitt Dewhirst.^[1]

Marks & Spencer

Spencer and Michael Marks met when Dewhirst lent Marks money to run his stalls in Leeds.^[1] In 1894, when Marks had opened a permanent store in Leeds market, he invited Spencer to become a partner in what became Marks & Spencer.^[1] Spencer decided that the £300 required for a half-share in the business would be a good investment.^[2]

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.^[3]

In 1903, Marks & Spencer became a limited company: Spencer retired later that year.^[4]

Personal life

Spencer met and married Agnes Spencer, née Whitfield, at St Saviour, Cross Green, Leeds, in 1892.^[5] Whitfield was born in the village of Marton, now a part of Middlesbrough. Together they had a son named Thomas Spencer Jr.^[5]

Spencer died on 25 July 1905, in Whittington, Staffordshire. 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.^[5]

References

^ ^a ^b ^c ^d Briggs, Asa (1984). Marks & Spencer 1884–1984 A Centenary History. London: Octopus Books. ISBN 0-906320-05-4.
^ "Beginnings". Marks and Spencer Company Archive. Retrieved 3 October 2020.
^ "Dewhirst's and Marks & Spencer". Open Plaques. Retrieved 3 October 2020.
^ "Marks and Spencer Plc Corporate Records". Archives Hub. Retrieved 3 October 2020.
^ ^a ^b ^c "M&S is a retail giant – but what is its historical Marton link?". Teesside Live. 13 June 2017. Retrieved 3 October 2020.

External links

Marks and Spencer website

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