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Marks & Spencer: chic in Paris, but losing ground at home

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Everyone looks their best when they are on holiday - even Marks & Spencer, which escorted investors and the press corps around "gay Paree" last week. Boss Marc Bolland was able to trumpet the success of "Le M&S" in a city where its crumpets and digestive biscuits are "exotique" and its casualwear brand Indigo captures the "spirit of bohème chic".

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