IMAGE SOURCE, REUTERS
Marks & Spencer has said it is closing 11 of its French stores because of problems supplying them with fresh and chilled foods since Brexit.
The UK retail giant said all 11 franchise stores it operated with partner SFH in France would shut “over the coming months”. M&S said supply chain problems since Brexit had made it “near impossible” to maintain standards of food supply. Nine M&S stores run at French travel hubs will continue to operate.
“M&S has a long history of serving customers in France and this is not a decision we or our partner SFH have taken lightly,” said Paul Friston, M&S managing director of international.
“However, as things stand today, the supply chain complexities in place following the UK’s exit from the European Union now make it near impossible for us to serve fresh and chilled products to customers to the high standards they expect, resulting in an ongoing impact to the performance of our business.
“With no workable alternative for the High Street stores, we have agreed with SFH to close all 11 franchised stores.” The shops will close by the end of 2021, the retailer said.
Its French online operation, which sells mainly clothing and home products, will not be affected by the closures.
Czech changes
M&S stores in French airports, as well as those in railway and Metro stations, are run by Lagardere Travel Retail and are unaffected by this decision.
M&S said its discussions with Lagardere on a sustainable future business model continued to make good progress.
“Today’s announcement is the latest change to the structure of our European businesses following the UK’s exit from the European Union,” the retailer said.
“This removed the ongoing supply chain risks to our business and the knock-on impact on limiting availability for customers in our stores.”
Source: bbc.com
