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

Group says decision made in January over 'unsatisfactory performance'

Watsons put its brand on its Russian stores in 2018, 13 years after buying local health and beauty chain Spektr.    © AP

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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