M&S axes sale plan for US business

Marks & Spencer today pulled plans to sell its North American supermarkets arm Kings after failing to attract the right price for the business.

M&S axes sale plan for US business
Thu, 14 Aug, 2003 - 09:43

Marks & Spencer today pulled plans to sell its North American supermarkets arm Kings after failing to attract the right price for the business.

The UK retail giant first signalled in 2001 that it wanted to offload the 27-store chain as part of plans to focus on its core domestic market.

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CourtsHeathrowPlace: USPlace: UKPlace: Parsippanny, New JerseyPerson: Roger HolmesPerson: HolmesPerson: BildnerOrganisation: M&SOrganisation: Marks & SpencerOrganisation: KingsOrganisation: M&S.
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