Marks & Spencer blames Brexit supply woes for French store closures
3 years, 3 months ago

Marks & Spencer blames Brexit supply woes for French store closures

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Retail giant Marks & Spencer has said it will close 11 of its stores in France due to fresh and chilled food supply issues following Brexit The group blamed Brexit disruption to exports from the UK to Europe for its decision to shut all franchised shops with partner SFH in France. It said: “The lengthy and complex export processes now in place following the UK’s exit from the European Union are significantly constraining the supply of fresh and chilled product from the UK into Europe and continuing to impact product availability for customers and the performance of our business in France.” The stores, which are located mainly on the high streets of Paris, are set to close by the end of the year. M&S said it remains in discussions with partner Lagardere Travel Retail over its remaining nine French stores based at airports and railway stations, which it said continue to trade as normal. “However, as things stand today, the supply chain complexities in place following the UK’s exit from the European Union, now make it near impossible for us to serve fresh and chilled products to customers to the high standards they expect, resulting in an ongoing impact to the performance of our business.” The move comes after it emerged at the weekend that M&S was eyeing store closures in France as part of a review of its operations there in light of post-Brexit trade rules and product availability.

History of this topic

Marks & Spencer will overtake John Lewis by 2026, according to sales forecast
1 year, 11 months ago
Marks & Spencer unveils plans for 20 new stores, creating more than 3,400 jobs
1 year, 11 months ago
Marks & Spencer closing 11 stores in France due to Brexit
3 years, 3 months ago
M&S blasts French red tape as deliveries are held up at the border
3 years, 3 months ago
B&M sees sales slip after strong trade during Covid lockdowns
3 years, 6 months ago
Marks & Spencer to close 30 stores after slumping to £201m loss
3 years, 7 months ago
M&S suffers £200MILLION losses lockdown sales plunge
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4 years ago
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4 years, 3 months ago
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4 years, 4 months ago

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