UK’s M&S to close 11 franchise stores in France after Brexit

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FILE PHOTO: A woman walks past a Marks & Spencer store on Oxford Street, amid the outbreak of the coronavirus disease (COVID-19), in London, Britain, July 20, 2020. REUTERS/Henry Nicholls/File Photo

September 16, 2021

LONDON (Reuters) – British retailer Marks & Spencer said it would close all 11 franchise stores with partner SFH in France over the coming months after new trade rules in place since Britain left the European Union hit product availability.

The group said nine franchise stores with partner Lagardere Travel Retail continue to trade and both parties continue to work closely on a sustainable future business model.

(Reporting by James Davey; Editing by Kate Holton)






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