Japan's top casual wear retailer, Fast Retailing Co Ltd, is not planning to buy Marks & Spencer's 18 stores in France, nor does it plan to form an alliance with M&S, according to a company spokesman. M&S is selling the stores as part of its global restructuring plan, following losses of over £100m over a two year period, and Fast Retailing had been seen as a candidate. With the September deadline which the store set itself to find a buyer drawing near, French retailer Galaries Lafayette is now tipped as most likely.