Marks and Spencer closed its stores in France – Le Figaro

The sign of uk distribution will close down its 7 stores French, including the flagship store on the Champs-Élysées. It keeps the food store franchisees. The group had made its return in France in 2011. In total, a hundred of stores that will close in the world.

Marks and Spencer announced Tuesday that it will close over a hundred stores around the world, including seven in France, including his teaching of the Champs-Elysées, which employ alone more than 500 people. The group announced in a press release that it wanted to close the stores in ten countries, with a deficit, as well as points of sale in the United Kingdom. In France, this concerns all of stores directly operated by the brand in the food and clothing in Paris and the paris region, including the sign of the Champs-Elysées, which employs 80 people. Four other stores are also versatile: those of the shopping center Beaugrenelle in Paris, of the shopping mall So West Levallois-Perret (Hauts-de-Seine), the shopping centre Aéroville in Tremblay-en-France (Seine-Saint-Denis) and Villeneuve-la Garenne (Hauts-de-Seine). The last two, located rue de la Chaussée d’antin and to the gare Saint-Lazare in Paris, provide power only. The sign said, however, that his eleven food sto re franchise, which were also located in the paris area would remain open

M&S explained that he was going to “initiate a consultation process with staff representative bodies” on this issue. A spokesperson said to theAFP that this process is expected to last between “12 and 18 months”. Among these seven stores, two are specialized in food products, and five, including the one of the famous avenue in paris, offer a combination of food, clothing and household equipment. “Since the return of Marks & Spencer on the French market in 2011, the own stores are loss-making: for 2015/16 the loss amounted to 19 million pounds (26 million euros),” said the ensign. It has, however, clarified that his eleven food store franchise, which were also located in the paris region would remain open.

The group has made its return in France in 2011, after having provoked an outcry in 2001 when it had announced the closure of its 18 stores in france, without further clarification as to the fate of the 1.700 employees. These stores were eventually taken over by the Galeries Lafayette group.

The closures of stores in France as part of a plan of broader restructuring, providing for a total closure of 53 stores in the world (excluding the United Kingdom). In addition to France, the stores that will be closed are located in China (10 stores), Belgium and seven other european countries. In the past year, all of the stores managed directly by Marks and Spencer in these ten countries have lost a total of 45 million pounds (50 million euros, after the translation published by M&S) for a turnover of 171 million pounds (190 million euros). M&S announced that it would close in the United Kingdom sixty additional stores, specializing in clothing and domestic equipment in five years.

These announcements come as part of a strategic shift initiated by the new director-general of the group, Steve Rowe, arrived in the beginning of the year to revive the brand, which has suffered years of difficulties in its business of clothes, shoes and goods of household equipment. Mr. Rowe pointed out Tuesday that the group would, however, open up more food shops in the Uk and try to accelerate its online sales. The group has suffered a net loss of 58 million pounds during the six months ended October 1, he said Tuesday.