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M&S to transfer HK, Macau stores to franchise partner
Published Wed, Aug 30, 2017 · 09:50 PM
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Hong Kong
MARKS & Spencer has opened talks to sell its wholly owned Hong Kong and Macau stores to franchise partner Al-Futtaim, the British company said on Wednesday.
The food and clothing retailer said it has begun talks on the potential sale of the stores, which Al-Futtaim would continue to operate under the M&S franchise. The talks are expected to take several months to complete.
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