Retail giant Marks & Spencer has said it will close 11 of its stores in France due to fresh and chilled food supply issues following Brexit. Th
Retail giant Marks & Spencer has said it will close 11 of its stores in France due to fresh and chilled food supply issues following Brexit. The group blamed Brexit disruption to exports from the UK to Europe for its decision to shut all franchised shops with partner SFH in France.
It said: “The lengthy and complex export processes now in place following the UK’s exit from the European Union are significantly constraining the supply of fresh and chilled product from the UK into Europe and continuing to impact product availability for customers and the performance of our business in France.”
The stores, which are located mainly on the high streets of Paris, are set to close by the end of the year.
M&S said it remains in discussions with partner Lagardere Travel Retail over its remaining nine French stores based at airports and railway stations, which it said continue to trade as normal.
Its website in France, which mainly sells clothing and home products, remains unaffected, the group added.
More to follow…