UK/USA: M&S calls off sale of Kings supermarkets to D'Agostino
UK retailer Marks & Spencer has abandoned the sale of its US supermarket business Kings to private food distributor D’Agostino. The deal involved 29 grocery outlets employing a workforce of 2,700, largely in New Jersey. The sale had been agreed for US$160m, but D’Agostino has been unable to secure financial backing.
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