BRITISH retailer Marks & Spencer plans to close five stores in the greater Shanghai region by August 2015, it said yesterday.

    The firm said it would continue to invest in its existing flagship store portfolio with the complete modernization of its flagship store on West Nanjing Road in Shanghai during the autumn.

    M&S also stated a firm intent to enter key Chinese cities such as Beijing and Guangzhou from 2015/16. It also plans to continue to invest in Hong Kong and grow its presence in Macao.

    (SD-Agencies)