Marks & Spencer announced Friday (2 November) an agreement on the sale of its business in Spain to El Corte Inglés, S.A. This agreement includes all nine Marks & Spencer stores in Spain.

Employees currently working for Marks & Spencer in Spain will all be offered continuity of employment. The Spanish competition authorities have been notified of this proposed transaction.

Subject to consultation, Marks & Spencer will cease its commercial activities in Spain on 15th December 2001.

David Norgrove, Marks & Spencer International Director, said:

“We are pleased that we have reached an agreement with El Corte Inglés to acquire our stores in Spain and to offer jobs to our employees, which has been a priority objective.”

Go deeper with GlobalData

Go deeper with GlobalData

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

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact