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“And what's the Brexit dividend here? S-Group has already turned to French retailer Carrefour to fill the gap left by Tesco," a journalist has said.
Supermarket prices will rise more than is necessary unless there is greater collaboration with European suppliers on post-Brexit trade frictions, a Dutch business has warned.
UK clothing and food retailer Marks & Spencer on Wednesday reported a 7.8 per cent decline in annual profit, as strong sales growth was offset by inflationary pressures and the impact of Brexit-related costs on the Irish food business.
Sweets are among retailer’s products affected by ‘rules of origin’ regulations.
Marks & Spencer says complex procedures resulting from EU withdrawal impacting on its performance.
Items to disappear from supermarket shelves and prices to increase if UK crashes out of EU, group including Lidl, the Co-op, Pret a Manger and KFC say.
Marks and Spencer’s chairman Archie Norman: Plans to ease post-Brexit trade ‘overbearing and baffling’
26/01/2023
Marks & Spencer’s chairman has become the latest business leader to criticise the Government’s economic policy, with Archie Norman calling plans to ease post-Brexit trade “overbearing” and “baffling”.
A grace period on food imports checks is set to end on 1 October.
Sacha Berendji also told a House of Lords committee that M&S had faced increased costs and wastage due to new rules and administration.
The retailer held a meeting with its EU suppliers on Friday amid worries the stricter border controls will deeply affect its entire supply chain.
Marks & Spencer expects to incur between between £42 million (€49 million) and £47 million in Brexit costs for the current year, with a particular impact upon its business in the Ireland.
Prices will soar and border delays will halt fresh food imports following the "shock" of a no-deal Brexit, Britain’s major supermarkets have warned.
Marks & Spencer says Brexit and the Irish Sea border have added about £30m of costs to its island of Ireland business.
Marks & Spencer has warned that up to 15% of its food product lines could be unavailable in its Northern Ireland shops in January.
Marks & Spencer has warned of the risk of price pressures, less choice, and food being thrown away when post-Brexit rules on imports from the EU take effect at the start of next month.
MARKS & Spencer has said it will increasingly turn to locally sourced food products to mitigate the impact of Brexit on its Irish operations.
The firm has faced post-Brexit difficulties in supplying food from Britain to its stores in the Republic of Ireland.
British retailer warns of ‘gathering storm’ of higher costs and pressure on budgets.
The retailer said it was taking "decisive steps" on its European operations - after earlier this year complaining of the "pointless and byzantine" way rules on exports from the UK into the bloc were being enforced.
High street retailer says border controls are leading to gaps on the shelves and tons of food being spoiled.
Marks & Spencer (M&S) is to close 11 franchise stores that it currently runs in partnership with SFH in France, as a result of the changes that came about with the post-Brexit EU and UK trade deal.
The retail chain says trading conditions following the UK’s departure from the European Union make continuing the cross-Channel venture impossible.