M&S in talks to sell Hong Kong and Macau shops to Dubai conglomerate in overhaul of its international business



Marks and Spencer is in talks to sell its shops in Hong Kong and Macau to a Dubai-based conglomerate as it overhauls its international business.
The British retailer, which has 27 stores in Hong Kong having started trading there in 1988, is looking to sign Al-Futtaim as the sole franchisee for M&S in the region.
The move comes after the firm decided to simplify its international business. 
Last November M&S caused momentary panic among Hong Kong’s strong British expat community when it announced it would close 53 loss-making international stores and exit 10 markets.
RELATED ARTICLES... read more

 
30 August 2017 in Business, Views: 50
Source: Daily Mail
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
            1 2 3
    4 5 6 7 8 9 10
    11 12 13 14 15 16 17
    18 19 20 21 22 23 24
    25 26 27 28 29 30