FRANCE: Galaries Lafayette To Bid For M&S Stores?
French retail chain Galeries Lafayette has made a bid for some or all of Marks & Spencer's 18 French stores. Details of the bid are currently unknown. Co-chief executive Phillipe Houze said that he couldn't comment on how many stores had been bid for, bid price, or terms. However, it is known that M&S wishes to sell the stores to a single buyer, as the best chance of guaranteeing employment for the 1,700 strong staff.
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