Marks & Spencer is closing down one of its 11 stores in Singapore in a move apparently related to the liquidation of department-store chain Robinsons.
The Raffles City Marks & Spencer store is in space apparently leased under the Robinsons name. Both retail chains have the same parent, Dubai-headquartered Al-Futtaim Group.
Al-Futtaim was adamant in a response to the Business Times that the closure did not reflect any longer-term plans for the brand in the Lion City, or any sales performance issues.
“Marks & Spencer remains fully committed to the local market, and is continuing to explore growth opportunities of our business in Singapore. We are continually enriching our services and product catalogues, and are eagerly looking for ways to advance our business with store upgrades,” the retailer’s spokesman told The Business Times.
The store will close on December 31.
Meanwhile, the Robinsons store at Raffles City continues to trade as the company quits its remaining stock. The store at The Heeren on Orchard Road is also still trading, although this is slated for closure on December 16.