UK/USA: Marks & Spencer completes sale of Kings for US$160m
UK high street retailer Marks & Spencer has completed the sale of its US subsidiary Kings Super Markets to D'Agostino Supermarkets for US$160m in cash. M&S was in negotiations to sell the 29 outlet strong Kings chain to New York-based grocer Gristede's Foods, but any deal was abandoned last week after it was unable to secure financing.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- just-food 2017 Survey - your thoughts on growth
- Food market in 2017: need-to-know US trends
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- UK's Bakkavor plays down IPO "speculation"
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs