"Marks & Spencer preparing Casino bid” | RetailDetail

"Marks & Spencer preparing Casino bid”

"Marks & Spencer preparing Casino bid”

British retailer Marks & Spencer is apparently preparing a bid for six Parisian Casino stores, probably in an attempt to expand its M&S Food branch in France.

An offer for 6 Parisian stores?

According to specialized French website LSA, Marks&Spencer is finalizing a bid in order to purchase 6 of the 50 stores Casino hopes to get rid of. The Brits would mainly go for six Parisian stores. 

 

The British will not deny or confirm the news: “We are looking for further opportunities to expand our offer in France but we are unable to comment on speculation regarding future plans," a spokesperson has stated.

 

Definitely another 10 M&S Food stores by 2018

M&S’s possible interest in the Casino stores is not that far-fetched: there are  already four Parisian M&S Food stores and only one month ago, the chain announced a deal with Relay to open another ten food stores in and around Paris by 2018. The first store of the partnership should open its doors next summer, in a former Virgin Store at La Défense.

 

More than ever, the food sector is a growth opportunity for Marks&Spencer. In the period up until September, its food turnover grew 5.3 %, while non-food turnover only grew 0.4 %.

 

 

 

(Translated by Gary Peeters)

Questions or comments? Please feel free to contact the editors


Adidas wants to strengthen bond with small retailers

15/07/2018

German sportswear giant Adidas says it wants to strengthen its bond with small-scale retailers after they claimed Adidas is too aggressive in pushing its web shop, especially as they feel the brand is favouring large international chains as well.

Several candidates to take over Men at Work

12/07/2018

There are several takeover candidates for both the Dutch and the Belgian stores of the bankrupt clothing chain Men at work. The curator is confident an agreement should be reached today in Belgium.

Burberry sales increases thanks to new strategy

11/07/2018

The new strategy of the British fashion brand Burberry starts to render: the company had a 3% increase of revenue in their own stores last quarter. In total, Burberry has now a revenue of 479 million pounds (520 million euros).

FNG moves to Brussels stock exchange

06/07/2018

Belgian fashion group FNG has collected 60 million euros by issuing new shares. The new shares will be traded on the Amsterdam Stock Exchange and - for the first time - on the Brussels Stock Exchange as well.

Athleteshop ends its run

02/07/2018

Dutch sports web shop Athleteshop has filed for bankruptcy, after an abysmal year in which strings of complaints led to all sorts of problems. Social media and review sites were flooded with customers complaining about late deliveries.

Alibaba goes Turkish with stake in Trendyol

29/06/2018

Alibaba is the new strategic partner of Trendyol, one of the best-known e-commerce companies in Turkey. With this partnership, the Chinese retailgroup strengthens its presence in Europe.