A US investment company has reportedly been considering a buyout of M&S. According to the Times , New York-based Apollo Global Management deemed the 137-year-old high street retailer a “bargain”. The firm told city sources it believed M&S’s shares were “weighed down unreasonably” by the impact of Covid. The alternative investment management company reportedly thought the market had failed to attribute enough value to M&S’s 50% share of Ocado’s retail business. M&S paid the grocery retailer £750m for the Ocado.com joint-venture in 2019, following the expiration of Ocado’s deal with Waitrose. However, the Times reported it was not yet clear whether Apollo’s interest had been “dampened” by a rece …
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