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US investor Fortress reportedly planning to sell 17 Marks & Spencer stores

By Huw Hughes

28 Jan 2022

Retail

Image: Marks & Spencer

Majestic Wines owner Fortress is reportedly looking to offload a number of Marks & Spencer stores in the UK.

The US investment management firm plans to sell 17 stores for a price of 70 million pounds, Property Week reports.

Fortress bought 76 stores from London-based investment firm Topland for 450 million pounds back in 2016.

Last year, Marks & Spencer announced plans to downsize its number of stores in the UK selling both clothing and homeware from 254 to 180.