Executive

Marks & Spencer buyout mulled by US investment giant

15 days ago   |   By Fashion United

Image: Marks & Spencer, Facebook
US investment firm Apollo Global Management is reportedly mulling a buyout of Marks & Spencer.
The New York-based firm considers the British retailer's share price to be unreasonably weighed down by the pandemic, The Sunday Times reports, citing City sources.
Apollo also thinks not enough value has been attributed to the 50 percent stake Marks & Spencer has in the retail business of online grocery solutions and logistics business Ocado.
Marks & Spencer acquired the Ocado stake in 2019 for 750 million pounds, a significant move that allowed its customers for...
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