M&S in Talks With HSBC to Create Banking and Loyalty App, Sky News Reports
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Dow Jones
-- Marks and Spencer is close to renewing its long-term partnership with lender HSBC in a deal that would overhaul its banking arm into a major financial services and loyalty application, Sky News reports citing unnamed sources.
-- The revised partnership, which is expected to be set out next month and to run for seven years, aims to establish an application that includes payments, financial services and the retailer's loyalty program, Sky News reported.
-- M&S and HSBC weren't immediately available for comment when approached by Dow Jones Newswires.
Full story: https://tinyurl.com/y7h3a8h3
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
March 18, 2024 07:29 ET (11:29 GMT)
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