New accounts filed by Marks & Spencer (Ireland) Ltd show that the business recorded the pre-tax loss after incurring exceptional costs of €42.3m in the 12 months to the end of March 2024. The bulk of the exceptional costs concern a non-cash impairment charge of €35.8m relating to the company’s investment in Marks & Spencer Turkey Clothing Textile LLC. The retailer recorded the pre-tax loss as revenues rose by 2.4pc from €362.9m to €371.66m. A note read: “In April 2025, Marks & Spencer Group announced that it had been managing a cyber incident. Numbers employed fell by 51 from 1,279 to 1,228 and staff costs decreased slightly from €56.66m to €55.57m.

Source: Irish Independent January 08, 2026 17:33 UTC