Wednesday, October 18, 2017

Marks & Spencer’s China stores risk closure

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Marks & Spencer is reportedly due to announce the closure of some of its Chinese shops when it releases its trading update next week.

There is speculation that chief executive Steve Rowe will reveal his plans to help bring the department store chain back into business when the company‘s half-year results are published.

M&S currently has 10 stores in China, and according to Bloomberg some of them could be in the firing line.

The news comes just a week after speculation that M&S‘ Paris flagship would also close down, as part of Rowe‘s plans to move away from loss-making international operations.#

The department store chain will reveal its interim results on November 8.

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