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MS Heraklion to Close?

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  • #47706
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        On Nov 29, 2016 Marks and Spencer announced a major store closure programme as reported by UK news sources.

        The key sentence: "Most overseas branches will close".

        "British expats around the world will see one of their favourite shops from home shut for good soon.

        Marks and Spencer has announced drastic plans to tackle sliding profits by axing more than 100 stores.

        Some food stores will survive the bloodbath, but most of M&S’s overseas branches will close.

        In France, the flagship store on the exclusive Champs-Elysees will go with six other outlets.

        Five are food and fashion stores, while two are food only. The brand will be left with 11 French outlets.

        Executives say the stores do not make a profit."

        M&S are also in Chania in Crete. Across Greece there are other stores in Athens, Corfu, Kavala, Larissa, Patras, Rhodes, Thessaloniki, Trikala and Volos.

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        BullionVault

        #48026
        Mod2
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            Member since: 4th August 2014

            My wife’s not going to be happy!
            Mind you, the UK stores currently won’t sell to Greece so, if our branches close, perhaps they will.

            #48163
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                update: if M&S is under a "franchise" arrangement in Greece then stores may not close… that is what I have been told by a UK source. If the stores are owned and managed by Marks and Sparks then it is likely the Greek stores are on their way out.

                #48239
                Kefalas
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                    I suspect the one in Haniá is owned because my wife bought a garment there and obtained a refund in the UK !

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