M&S TO RETAIN KINGS FOR NOW

LONDON -- Marks & Spencer here was expected to unveil a new strategic plan today, but that plan will include no mention of the potential fate of its Kings Super Markets division in Parsippany, N.J., sources told SN."Kings is still not for sale," said a source close to the situation, who asked not to be identified.Analysts had speculated that Kings could go back on the block as M&S seeks to raise funds

LONDON -- Marks & Spencer here was expected to unveil a new strategic plan today, but that plan will include no mention of the potential fate of its Kings Super Markets division in Parsippany, N.J., sources told SN.

"Kings is still not for sale," said a source close to the situation, who asked not to be identified.

Analysts had speculated that Kings could go back on the block as M&S seeks to raise funds to revive its struggling apparel business in the United Kingdom.

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