Battling British retailer, Marks and Spencer, today dismissed reports that it was closing some of its European stores as "speculation".

Reports in a national newspaper today say that it is closing seven of its 38 European outlets to stem declining profits.

And it said that the closure of smaller, underperforming stores in Belgium, Luxembourg and the Netherlands was likely to be announced in the coming weeks.

But a spokesman from M&S's London press office told just-style that it was just speculation.

The spokesman said the store was "not commenting" on the reports and said no decision had been made.

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By Deborah Bowyer