The rural Marks & Spencer stores to be closed

The Marks & Spencer (M & S) today announced to transform its business model in Hungary – the company told MTI on Thursday.

According to their information, as the result of the decision of the company’s francise partner the S Modell, the Marks & Spencer (M & S) closes its five rural M & S stores with immediate effect, while the Marks & Spencer (M & S) takes the full ownership over of the six franchise businesses in Budapest, putting the Hungarian capital into the focus of its Hungarian strategy. (MTI)