Corbyn meeting fails to save Holloway Road M&S store
Islington North MP held talks with company in a bid to persuade it to reverse decision to close branch next year
15 June, 2018 — By Samantha Booth
The M&S store in Holloway Road
MARKS and Spencer will go ahead with closing its Holloway Road store, despite objections from Labour Party leader Jeremy Corbyn and the Town Hall.
Islington North MP Mr Corbyn, council leader Richard Watts and cabinet councillor Asima Shaikh met with Steve Rowe, the company’s chief executive for talks last Friday.
Despite failing to convince him to keep the store in Nag’s Head open beyond next year, Cllr Shaikh said they made it “clear” they want to work with the company to find a replacement retailer.
It was also revealed a new M&S foodhall will be opening in Finsbury Park as part of the City North development, as well as in Archway, with both providing jobs to people living nearby.
The Nag’s Head store, which sells clothes and food, employs 61 staff who will be “redeployed” to nearby stores.
M&S said shutting 14 of its stores would be “vital” for its streamlining plans, which overall will see 100 branches close by 2022.
Cllr Shaikh said: “We share local people’s disappointment that M&S will be closing its store on Holloway Road, but we are determined to make sure Nag’s Head continues to thrive.
“Our meeting with the chief executive of M&S and Jeremy Corbyn MP was helpful and we were able to secure important commitments from them.
“Staff at the current store will be found work at alternative branches, and two new M&S food stores, due to open in Archway and Finsbury Park, will employ local unemployed people.
“Importantly, we made it clear that we want to work with M&S to find another retailer to take on the premises, in order to support the thriving high street.”