Saturday, October 16, 2021
Marks & Spencer Closes Down French Outlets, Blames Brexit
9/17/2021 2:18:56 PM

British retailer Marks & Spencer (M&S) said it will close down 11 food stores in France because of supply chain problems caused by trade rules from Brexit.

Retail giant M&S said it will shut down all franchise stores in France operated by their partner SFH, saying that the disruptions from Brexit caused problems in supplying them with fresh and chilled foods.

“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, managing director of M&S International.

Some M&S stores in airports and train stations, managed by Lagardère Travel Retail, will continue to operate.

Meanwhile, the United Kingdom announced on Sep. 14 that it will delay post-Brexit restrictions with the European Union as both the COVID-19 pandemic and new trade rules fuel a supply chain crisis.

M&S was among businesses affected by stock-outs from Britain's truck driver shortage.

“Today’s announcement is the latest change to the structure of our European businesses following the UK’s exit from the European Union," M&S said, recalling that the company had to pull out fresh and chilled products from their Czech stores in April this year.

Courtesy: Fourth Estate