Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Marks & Spencer to close 11 franchise stores

  

British retailer Marks & Spencer plans to close all 11 franchise nine stores it runs with partner SFH in France over the coming months after new trade rules in place since Britain left the European Union hammered product availability.

The remaining nine franchise stores, run by the group with Lagardere Travel Retail, will continue to trade and the pair were working on a sustainable future business model.

The 11 stores that will close by the end of this year are located predominantly across the high streets of Paris.

The nine stores run by Lagardere are located in travel hubs such as airports, railway and metro stations.

In April, M&S reconfigured its food business in the Czech Republic to remove supply chain risks. It took out all fresh and chilled products from stores, and doubled ranges of frozen and ambient products.

Last month, M&S upgraded its profit outlook after a jump in demand for food in its home market and a surge in online clothes sales indicated that its latest turnaround plan was starting to deliver.

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo