M&S commits to Ireland despite Brexit and Covid burdens

Retailer reported 88% slump in full-year profit to €58m, but has forecast a rebound in profit this year as key markets emerge from lockdown

M&S is seeing Brexit costs weighing on its Irish business.

Marks & Spencer has said it remains committed to its operations in Ireland despite incurring significant Brexit costs and Irish lockdown restrictions hampering its international sales.

On the back of a sobering set of annual results, the retail giant said it was now exposed to additional costs since Brexit became a reality.