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Li Ka-shing's Watsons drugstore chain pulling out of Russia

Group says decision made in January over 'unsatisfactory performance'

HONG KONG -- International drugstore chain Watsons, a unit of Hong Kong tycoon Li Ka-shing's CK Hutchison Holdings, is shutting down all its stores in Russia.

A spokesperson for the chain, the flagship of the A.S. Watson retail group, told Nikkei Asia that the group "decided in end-January to cease trading in Russia, due to the unsatisfactory business performance."

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