Marks & Spencer yesterday announced a proposal to sell its French company to Groupe Galeries Lafayette.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


This proposal is subject to consultation with the staff of Marks & Spencer France.


All staff will be offered opportunities for jobs in Galeries Lafayette. The intention remains to cease trading in Marks & Spencer by the end of the year.


In Belgium we received no acceptable offer to acquire the Marks & Spencer company. The stores will therefore be sold as properties and all staff will be made redundant with compensation in accordance with a plan being agreed with them.


David Norgrove, international director, said :
“We are pleased that we have agreed a proposal with Galeries Lafayette to acquire the stores in France. This would offer an opportunity of a new job for all our staff, which in France, as elsewhere, has been a priority objective. In Belgium, regrettably, we received no offer which included all employees.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now