Battling British retail giant Marks & Sepncer today announced it is selling its Spanish stores to a top Spanish department store chain.
 
The retailer is selling its nine stores in Spain to El Corte Ingles SA. Subject to consultations, M&S will shut up shop in Spain on December 15.
 
Staff currently working for M&S in Spain will be offered continuity of employment with the new owner.
 
M&S' international director, David Norgrove, told just-style.com: "We are pleased that we have reached an agreement with El Corte Ingles to acquire our stores in Spain and to offer jobs to our employees which has been a priority objective."

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