Marks & Spencer to shutter Philippine shops in May

MANILA, Philippines — Specialty retailer SSI Group Inc. is discontinuing the operations of British fashion label Marks & Spencer (M&S) in the Philippines. The group also distributes luxury brands such as Hermes, Bottega Veneta, Cartier, Givenchy and Burberry. SSI said all M&S stores in the country will shut down after May 2, which has been