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Dr Lizardo9/05/2019 12:03:44 am PDT

In business news (though not necessarily Brexit-related):

Marks & Spencer is to be demoted from the FTSE 100 for the first time in the latest sign of the declining fortunes of the retailer, which was a founding member of the leading City share index.

Relegation to the FTSE 250 comes as the company is closing 120 stores as part of an overhaul designed to shore up profits.

M&S’s demotion reflects a share price at nearly a 20-year low as a long-running sales slump at the retailer’s clothing arm is compounded by the high street crisis affecting rivals including Debenhams and House of Fraser.

theguardian.com

I genuinely didn’t know that M&S was in such trouble. They do brisk business here in Czech Republic - the stores in the two shopping centers closest to me are never empty.

I’d hate to see them go…..no kidding, best place in the whole country to buy socks and underwear. They’re very durable and well-made and far better than anything else I’ve found here.