M&S 'loses clothes crown to Asda'
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Marks & Spencer is no longer the biggest UK clothing retailer after being overtaken by Asda and its George brand.
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MARKS &amp; Spencer set the price of its share buyback at 362 pence per share today, in an operation that will see Â£2.3 billion returned to shareholders.
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The discount retailer's forced to reorganize its flagging apparel business.
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LONDON, Aug 22  - Marks and Spencer has been overtaken as Britain&#39;s biggest clothing retailer by supermarket giant Asda, which is owned by the world&#39;s largest retail store Wal-Mart, industry figures showed Sunday.
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Bad weather and interest rate hikes are hampering Marks & Spencer's recovery, according to reports.
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Troubled British retailer Marks &amp; Spencer Group PLC announced a management shakeup Tuesday as it reported lower profits for the six months ending Oct. 2.
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London - Marks and Spencer, the struggling British retailer, on Monday began buying back more than one quarter of its shares in the biggest tender offer ever seen in Britain.
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The impact of rising interest rates and bad weather on stores will be seen as Marks & Spencer outlines recent trade.
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Food and clothing chain Marks &amp; Spencer PLC said Tuesday it had bought the per una clothing brand from businessman George Davies for 125 million pounds (US$223 million, euro182 million).
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Corporate ownership is changing the face of haute couture.
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MARKS &amp; Spencer, which is battling to revive its fortunes after a series of sales slides, today said it had clinched a Â£125 million deal to buy the per una fashion brand aimed at young women.
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Food and clothing chain Marks &amp; Spencer PLC said Tuesday it had bought the per una clothing brand from businessman George Davies for 125 million pounds (&#36;223 million).
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Marks &amp; Spencer, the beleaguered high-street retailer, today announced a major management shake-up as it unveiled its first half results and said trading had become tougher since its last update in early October.
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British retailer Marks and Spencer announced a major management shake-up as part of efforts to revive its fortunes, saying trading has become tougher ahead of the crucial Christmas period.
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South African fashion retailer Stuttafords said on Tuesday a court had ordered it to stop selling U.S. retailer Gap Inc.  merchandise due to a dispute with a local firm that claims to be the owner of the brand.
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Business & money: Marks & Spencer's womenswear business has lost market share in the weeks since Christmas as shoppers' love affair with Twiggy fizzles out
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Marks &amp; Spencer has bought the per una clothing brand for Â£125 million as part of a move to restore the group&#39;s flagging fortunes.