LONDON, March 2 (Reuters) - British retailer Marks & Spencer plans to close five stores in China's greater Shanghairegion by August 2015, it said on Monday, following a review ofits growth plans in the country.
The firm said it would continue to invest in its existingflagship store portfolio with the complete modernisation of itsflagship store on West Nanjing Road in Shanghai during theautumn.
M&S also stated a firm intent to enter key Chinese citiessuch as Beijing and Guangzhou from 2015/16. It also plans tocontinue to invest in Hong Kong and grow its presence in Macau. (Reporting by James Davey; editing by Kate Holton)