Collapse of M&S takeover bid puts 150 jobs at risk

AN estimated 150 jobs could be lost at a former Roches Stores outlet in Cork following the collapse of a proposed takeover by Marks & Spencer.

The Wilton store, which has been closed for the past three weeks, was due to be taken over by M&S as part of Roches Stores’ sell-out.

However, a spokesman for M&S confirmed yesterday that the deal had broken down. “We were in the process of taking over the site, but were informed yesterday by Roches Stores that the offer had been withdrawn,” said the spokesman.