Marks and Spencer has remained silent on rumours that it has received mounting interest from competitors looking to take over stores that the UK retailer has marked for closure.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“What will happen to the stores is not something we can discuss while employee consultations are ongoing,” a spokesperson for the company told just-food.
Sales at M&S have suffered in the economic downturn as consumers have turned to cheaper retailers, prompting the group to cut costs from the business.
Earlier this month, M&S announced plans to close 27 outlets, mainly from the Simply Food portfolio.
M&S is said to have appointed commercial property group CB Richard Ellis to oversee the disposals.
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
