Decline in France of a great British firm

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This morning, Marks & Spencer announced their intention to close more than a hundred of their shops throughout the world, including seven in France.


Their losses here for the financial year 2015-16 amounted to more than 26 million euros. That’s a lot of lot of butter biscuits in the tin box. The famous shortbread name is not appropriate. It's rather a case of being “short of bread”. They were delightful shops. So, what went wrong?

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