British retailer Marks & Spencer is reviewing the future of its French business, with new trade rules in place since the exit of Britain from the European Union. The retailer is reconfiguring its European operations and has already made changes to food export into Czech Republic. It operates through a franchise model in France and plans to review the model with its two partners.
Earlier this year, M&S restructured its Czech business, taking out fresh foods from stores and adding expanded ranges of longer life products. M&S operates about 20 stores in France with partners SFH and Lagardere. Archie Norman, Chairman, complained the retailer has struggled to get goods into EU members Ireland and France since Britain left the EU's single market at the beginning of the year, due to the huge amount of paperwork that was required.
Last month, M&S upgraded its profit outlook after a jump in demand for food and a surge in online clothes sales indicated that its latest turnaround plan was starting to deliver.