Britain’s M&S reviewing future of French stores

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LONDON, Sept 12 (Reuters) – British retailer Marks & Spencer stated on Sunday it was reviewing the way forward for its French enterprise, with new commerce guidelines in place since Britain left the European Union persevering with to impression product availability in shops.

“In gentle of the brand new customs preparations we’re taking decisive steps to reconfigure our European operations and have already made modifications to meals export into Czech Republic,” stated an M&S spokesperson.

“We function a franchise enterprise in France and are presently endeavor a overview of the mannequin with our two companions available in the market.”

Earlier this 12 months, M&S restructured its Czech enterprise, taking out contemporary meals from shops and including expanded ranges of longer life merchandise.

M&S operates about 20 shops in France with companions SFH and Lagardere .

M&S didn’t touch upon a Mail on Sunday report that it’s anticipated to shut shops in France and should even cease promoting its in style sandwiches and chilled meals within the nation altogether.

The newspaper stated M&S might make an announcement within the subsequent few weeks.

M&S Chairman Archie Norman has complained the retailer has struggled to get items into EU members Eire and France since Britain left the EU’s single market initially of the 12 months, because of the enormous quantity of paperwork that was required.

Final month, M&S upgraded its revenue outlook after a leap in demand for meals and a surge in on-line garments gross sales indicated that its newest turnaround plan was beginning to ship.


Shares in M&S are up 37% to this point this 12 months.

Reporting by James Davey. Enhancing by Jane Merriman


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