Marks and Spencer Group plc (MAKSF)
- Bloomberg
Infarm Is in Talks to Go Public Via Merger with Kernel SPAC
(Bloomberg) -- Infarm, a startup focused on indoor and urban farming, is in advanced talks to go public through a merger with Kernel Group Holdings Inc., a blank-check firm, according to people with knowledge of the matter.A transaction would value the combined entity at more than $1 billion, said one of the people, who requested anonymity because the talks are private. Terms aren’t finalized and negotiations could still collapse.Representatives for Kernel and Infarm didn’t immediately respond t
- Fool.co.uk
Should I buy Marks and Spencer shares?
FTSE 250 food and clothing retailer Marks and Spencer Group (LSE:MKS) has endured a tough few years. Are its shares now bargain buys? The post Should I buy Marks and Spencer shares? appeared first on The Motley Fool UK.
- The Telegraph
M&S pins future on food as clothing goes out of fashion
Alexa Chung was supposed to usher in a long-overdue revival at Marks & Spencer. In the run up to London Fashion Week in 2016, the supermodel welcomed celebrity friends David Gandy and Pixie Geldof to a launch party of her debut clothing collection with the 137-year-old brand. The roll-out of Archive by Alexa came just weeks before executive Steve Rowe vowed to shore up M&S's struggling clothing arm, claiming he was "personally committed" to turnaround efforts. But on Wednesday, M&S's clothing and home sales sank by 32pc as the division recorded a £129m loss. Despite numerous attempts to regain its position as a leader on the high street, the pandemic has forced the retailer into retreat. To ease the searing pressure on the company's bottom line, Rowe and chairman Archie Norman are slamming the shutters down on dozens of stores and accelerating a shift towards food.
