UK fashion, food and homeware retailer Marks & Spencer is to open a new store on the Champs Elysées in Paris, according to reports.

The Independent newspaper said the potential opening, in a store currently operated by German retailer Esprit, could signal a renewed period of expansion into European cities by the UK retailer.

Higher-priced fashion such as Marks & Spencer’s Autograph and Limited collections would be the focus of the new store, the report said, while food would not feature at all.

Marks & Spencer currently has more than 300 stores outside the UK, but they are run as joint ventures with local partners, or are managed as franchises.

However, incoming chief executive Marc Bolland has already said that overseas expansion would be a key element of his new strategy for the business.

Marks & Spencer declined to comment on the reports, labelling them “speculation”.