Marks & Spencer Group PLC
30 June 2004
30 June 2004
Marks and Spencer Group PLC ('Marks & Spencer' or 'the Group')
Discussions with suppliers
In the light of press speculation, Marks & Spencer confirms that it is
renegotiating arrangements with the Group's suppliers.
Following meetings held with key general merchandise and food suppliers,
management currently expects to achieve annual buying improvements of at least
£100 million during the year ending March 2006 and thereafter.
A full update will be incorporated in the operational review announcement which
will be made on 12 July. This review will also include details of further
significant cost savings.
PRESS ENQUIRIES
Marks & Spencer
Corporate Press Office 020 7268 1919
Investor Relations, Tony Quinlan 020 7268 4195
Tulchan 020 7353 4200
Andrew Grant
Katie Macdonald-Smith
The Directors of Marks and Spencer Group plc accept responsibility for the
information contained in this announcement and confirm that, to the best of
their knowledge and belief (having taken all reasonable care to ensure that such
is the case), the information contained in this announcement is in accordance
with the facts and does not omit anything likely to affect the import of such
information.
This information is provided by RNS
The company news service from the London Stock Exchange
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