In a radical shake-up of its worldwide retail operations, Marks and Spencer has said it will close all its European stores and sell its US operations in order to concentrate on its UK business.

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The overhaul is expected to affect 4390 jobs, mainly in Europe, but some job cuts are also expected in its UK operations.


The changes follow a review of the business by Marks & Spencer’s, initiated to reverse falling sales, profits and popularity. Marks & Spencer’s food operations are likely to be boosted as a result of the review with the company expanding its product line up.


For the press release from Marks & Spencer that accompanies this news item, click here.

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