Marks & Spencer has decided to abandon its plans to open a flagship store in Amsterdam.
The retailer has offloaded a site on the Rokin shopping street in the city to Canadian department store group Hudson’s Bay Company, according to the Guardian.
The shop would have been M&S’s second flagship in the Netherlands.
A M&S spokeswoman said the sale of the store was not linked to the departure of Dutch former chief executive Marc Bolland.
“The plans have changed considerably since we first looked at the store and this has provoked interest from other parties. We’ve accepted an offer we couldn’t turn down as a result,” she said.