Property News · August 30, 2017

Marks & Spencer in talks with Al-Futtaim to sell its Hong Kong, Macau businesses


British multinational retailer Marks & Spencer (M&S) said on Wednesday that it had begun talks with one of its long-time partners Al-Futtaim, to sell the franchise of its retail business in Hong Kong and Macau, a move it expects to create a more “profitable and customer-centric International business”.
The talks followed the British retailer’s strategic review of its international business in November last year that led to the closure of numerous stores in 10…

Source : South China Morning Post
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