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Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
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Share Price: 254.60
Bid: 255.50
Ask: 255.70
Change: 0.10 (0.04%)
Spread: 0.20 (0.078%)
Open: 255.30
High: 257.30
Low: 253.00
Prev. Close: 254.50
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As Brexit bites, salads and sandwiches run out at Paris M&S stores

Tue, 05th Jan 2021 11:22

PARIS, Jan 5 (Reuters) - British retailer Marks & Spencer
said new trade rules in place since Britain left the
European Union were delaying deliveries of some fresh food to
its stores in France, where at least three branches had empty
shelves on Tuesday.

As of Jan. 1, goods travelling back and forth between
Britain and the EU are subject to customs and other bureaucratic
hurdles that did not previously exist.

The items out of stock at three Paris branches of the
retailer on Tuesday included sandwiches, black rice and edamame
bean salad, and turkey tortilla with curry, according to labels
on the empty shelves.

In a statement issued in response to Reuters questions, M&S
said: "We have prepared for changes associated with Britain
leaving the EU in order to minimise disruption for customers."

"As we are transitioning to the new processes, it is taking
a little longer for some of our products to reach stores, but we
are working with our partners, suppliers and relevant Government
agencies and local authorities to quickly improve this."

Marks & Spencer ready-meals are popular in Paris because
they cater for a market for fresh meals to eat on the go that is
underserved in France, the country that invented haute cuisine
and where sit-down lunches in restaurants are considered a
national ritual.

The company and its franchise-holders operate 20 food stores
in France, all but one of them in Paris, according to the
company's website.

At the Marks & Spencer store in a shopping centre in the
Porte Maillot district of western Paris, fresh salads were out
of stock. A sign said that because of new trade rules, "we have
not been able to receive our delivery today."

Fresh salads and pasta dishes were out of stock at a second
store, on Franklin Roosevelt Avenue near the Champs Elysees.

At a third branch, on Boulevard Montmartre in central Paris,
shelves of ready-to-eat fresh food were empty. An employee said
the supply disruption was because of "Brexit and the New Year."

A spokeswoman for Lagardere, the French firm which holds the
franchise for some of the stores in France, said it was working
with M&S on the supply disruptions and expected the problems to
be fixed by the end of January.

M&S is scheduled to update shareholders on its Christmas
trading performance on Friday.
(Reporting by Christian Lowe, Lea Guedj, Antony Paone and Sarah
White in Paris, and James Davey in London
Editing by Alexandra Hudson)

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