French unit of M&S (LON: MKS) says post-Brexit rules disrupting supplies

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French unit of M&S (LON: MKS) says post-Brexit rules disrupting supplies

Marks & Spencer’s one of the Paris branches has said that fresh readymade pasta dishes were absent on Monday because of post-Brexit trade rules.

  • Reportedly, the company’s store at Porte Maillot was showing sign that from the UK it had not received any shipment due to new government guidelines on trade between France and the United Kingdom.
  • Items which were missing from the cabinet included chicken and mushroom risotto, and mushroom pappardelle.
  • This is mainly because of the disruption in deliveries across the English Channel. All the businesses from UK transporting goods into EU countries after the end of the transition period have to go through a host of new regulations.
  • The strict regulation has made the entry of different products difficult especially the animal products, such as meat, dairy or eggs needs a veterinary certificate stating that it conforms to regulations of the European Union.
  • A Brexit trade deal was agreed between Britain and the EU in December, which though avoided tariffs on trade, did not ignore new red tape.
  • On 5 January 2021, the stocks of the Marks and Spencer Group Plc (LON: MKS) traded higher by 0.30% from its previous closing, hovering at around GBX 131.80 at 11:06 AM GMT+1.


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