Marks & Spencer shuts France stores

M&S said it planned to close the mainly Paris stores by the end of the year. AFP/Justin Tallis

LONDON - British retailer Marks & Spencer is shutting down half of its stores in France over Brexit.

The retail giant says the closure of its 11 franchise stores will affect its supplies of fresh and chilled products.

The group is blaming Brexit for disrupting exports from the UK to Europe for its decision.

"M&S has a long history of serving customers in France and this is not a decision we or our partner SFH have taken lightly," Paul Friston, managing director of the British company's international arm, added in the statement.

"However, as things stand today, the supply chain complexities in place following the UK's exit from the European Union, now make it near impossible for us to serve fresh and chilled products to customers to the high standards they expect." 

- Additional reporting AFP

Source
eNCA

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