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Marks & Spencer closes more than half of its stores in France due to Brexit

2021-09-16T10:06:04.601Z


Suffering from the full brunt of supply delays since the implementation of Brexit, the British brand Marks & Spencer is obliged


Departments sometimes empty, turnover down sharply… since January and the implementation of Brexit, Marks & Spencer has been going through a strong zone of turbulence.

Result, the British brand, symbol of the English way of life, announced this Thursday the closure of more than half of its stores in France.

That is to say 11 stores which will lower the curtain "in the coming months", details the chain.

Marks & Spencer has 20 stores in France.

“The long and complex export procedures now in place following the UK's exit from the European Union severely limit the supply of fresh and chilled product from the UK to Europe and continue to have an impact on the availability of products for our customers ”in France, justifies the group in a press release.

For four years, the British brand has been plunged into a fog as thick as London smog.

It's constantly downsizing - more than 140 stores have been closed around the world in the past two years.

In August 2020, Covid obliges, it announced 7,000 job cuts, the year in which the group also experienced the first losses in its history.

> More information to follow

Source: leparis

All business articles on 2021-09-16

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