CRI听力:Marks & Spencer to shut all its stores in China
Story 1:
Britain's Marks & Spencer is planning to shut more than 80 stores at home and abroad at a cost of up to 550 million pounds.
The company said it will retreat overseas, closing 53 stores in 10 loss-making markets, including France and China over the coming year, concentrating instead on its profitable franchise model.
M&S trades from 468 overseas stores across 58 international markets.
Story 2:
Danish food processing company, Danish Crown, has announced plans to invest about 44 million U.S. dollars in building a processing and retail product plant in China.
Europe's largest pork producer says the new plant will be located in Shanghai, and this arrangement is part of the company's current five-year plan.
Doug Young, company news chief for the English edition of Caixin.
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