Advertisement

RETAILING

Share

* Britain’s Marks & Spencer said it will keep its U.S. menswear chain Brooks Bros. but will put up for sale its Kings Super Markets in New Jersey. There had been speculation that M&S; might sell Brooks Bros., which it bought in 1987 for $770 million. The retailer, struggling to recover from a profit slump last year, said it had decided to sell Kings because it didn’t fit the company’s overseas strategy.

Advertisement