Sale of M&S' Kings Super Markets, Brooks Bros. Divisions Expected

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NEW YORK–Beleaguered British retailer Marks & Spencer is expected to finalize the sale of its upscale U.S. grocery division Kings Super Markets, as well as its Brooks Bros. clothing stores, in October. The sale of Kings, initially anticipated to close this month, was delayed following the terrorist attack on the World Trade Center last week. M&S’ financial adviser on both sales is Morgan Stanley Dean Witter, which employed 3,500 people on 25 floors of the Twin Towers.

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