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Marks & Spencer Target of Takeover Speculation

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Apollo Global Management is said to have taken a keen interest in Britain's Marks + Spencer, which recently began renting women's apparel.
A woman entering the Marks & Spencer store in Shrewsbury on May 5, 2020.
CREDIT: Nick Potts/PA Wire via AP Images

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Could Marks & Spencer (M&S) be the target of a possible takeover bid? Word surfaced over the weekend that U.S. private equity firm Apollo Global Management has been taking a keen interest in the British retailer. Private equity firms have a lot of dry powder that’s waiting to be put to use. With the pandemic…

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