Home ›› 17 Sep 2021 ›› World Biz
British retailer Marks and Spencer said Thursday it planned to shut more than half its stores in France with Brexit affecting supplies of fresh and chilled products.
Announcing the closure of 11 out of 20 franchise stores, the food-to-clothing retailer said in a statement that “the lengthy and complex export processes... following the UK’s exit from the European Union are significantly constraining” supplies.
While it will shut all 11 franchise stores with partner SFH in France over the coming months, the nine franchise stores with partner Lagardere Travel Retail will remain open across airports and train stations, Marks and Spencer added.
“M&S has a long history of serving customers in France and this is not a decision we or our partner SFH have taken lightly,” Paul Friston, managing director of the British company’s international arm, added in the statement.