Marks & Spencer starts franchise talks for HK, Macau business

Marks & Spencer starts franchise talks for HK, Macau business:

"Marks & Spencer has begun talks with Al-Futtaim for the possible purchase and franchising of its retail business in Hong Kong and Macau.

The talks, which follow on from the company’s strategic review of its international business announced November, could see Al-Futtaim become the sole franchisee for M&S in Hong Kong and Macau. M&S has operated in Hong Kong since 1988 and has 27 stores in the city.

The retailer caused momentary panic among its loyal Hong Kong shoppers last year after it said it would pull out of the China market, but the closures were limited to its mainland Chinese stores."



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