Irish arm of M&S records €8.8m pre-tax loss due to exceptional costs of €42.3m

The directors said exceptional charges of €6.5m relate to 'costs associated with the closure of our Drogheda and Clarion Quay stores in March 2024'

Numbers employed by the retailer declined by 51 from 1,279 to 1,228 as staff costs decreased slightly from €56.66m to €55.57m. File photo

Costs associated with the closure of Marks and Spencer (M&S) outlets in Drogheda and Clarion Quay in Dublin contributed to the Irish arm of the retailer recording pre-tax losses of €8.85m in 2024.

New accounts filed by Marks & Spencer (Ireland) Ltd show that the business recorded the pre-tax loss of €8.85m after incurring exceptional costs of €42.3m in the 12 months to the end of March 2024.