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M&S Paris makes £8.5m loss

Marks & Spencer’s Paris business is reported to have made an £8.5m loss in its first four months of trading.

According to the Mail on Sunday the retailer’s debut Paris store struggled to gain traction with its French customer base when it opened in November 2011, placing a hefty loss on M&S’s balance sheet.

M&S has two stores in Paris,with the second opening in October last year. It is not yet known how the second store has traded.

The retailer’s chief executive Marc Bolland has said he plans to open more international stores at a rate of two per week.

Last week there were reports that M&S’s Chinese business had been underperforming.

M&S declined to comment on the performance of specific stores or markets.

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