18.03.2013 - UK retail giant on Qatarís radar?
A news report by Londonís The Sun newspaper has revealed that Qatarís sovereign wealth fund may be eyeing UK retail chain Marks & Spencer in deal worth estimated to be USD 12 billion. The retail giant boasts about 1000 global stores, also maintaining presence in the UAE and Saudi Arabia. Marks & Spencer employs about 80,000 people all over the world. Latest financial results of the company show a 9.7 percent decline in profit to the six months up to the end of September 2012. However, sales have increased by 0.9 percent to GBP £4.7 billion during this period...............................................Full Article: Source
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