Marks & Spencer to leave Paris
Marks & Spencer has announced that it is to close its store in Paris on the Champs Elysees. Although the official announcement will not be made until 8 November, it is widely thought that M&S is scaling back its international operations which saw profits fall by 37% last year. The 1400 m² Champs Elysees store was seen by some analysts as a very costly exercise by the current CEO's predecessor. M&S, which operates 480 stores across Europe, Asia and the Middle East, is currently cutting 525 head office jobs as well as reducing wages.
Illustration 'Marks & Spencer to leave Paris' (png - 0.45Mo)
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