GERMANY: M&S Closes German Stores
Marks & Spencer will close its two German stores next week, Retail Week reported. The Frankfurt and Cologne stores, which opened in 1996 and 1999 respectively, are to closem their doors on Wednesday.
M&S has offered redundancy packages to the 250 staff affected by closures. The retailer still has to find a buyer for the stores' leases.
Meanwhile, the store group is still negotiating the sale of its 18-strong French business and its Kings and Brooks Brothers chains in the US.
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