M&S sale of US business breaks down

Marks & Spencer have announced talks to sell its US-based Kings Supermarkets has broken down.

M&S sale of US business breaks down
Sun, 01 Dec, 2002 - 17:47

Marks & Spencer have announced talks to sell its US-based Kings Supermarkets has broken down.

It is understood they ended when D'Agostino Supermarkets failed to raise the finance needed for the $160m (€160m) deal in time for the completion deadline on November 30.

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CourtsHeathrowPlace: USPlace: New JerseyPerson: BildnerOrganisation: M&SOrganisation: Marks & SpencerOrganisation: Kings SupermarketsOrganisation: D'Agostino SupermarketsOrganisation: KingsOrganisation: D'AgostinoOrganisation: Gristede's Foods
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