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Daily Mirror

Business

Emma Munbodh

Marks & Spencer unable to shut Russia franchise stores with 48 shops still open

Russia United States Marks and Spencer Europe M&S Ukraine

Marks and Spencer says it is unable to close its 48 stores in Russia due to complex legal arrangements with local owners.

The franchise shops are operated by a Turkish company FiBA, which has held the rights to use the M&S name and sell its products since 1999.

M&S, which has stopped supplying products to the stores in response to the war, said it is unable to impose closures without legal consequences.

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