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Evening Standard
Evening Standard
Business
Simon English

M&S quits Russia as CEO Steve Rowe bows out after six years

Steve Rowe Russia Marks Spencer Ukraine United Kingdom

(Picture: PA Wire)

MARKS & Spencer is quitting Russia after 17 years in reaction to the Ukraine war – a move that will cost it £31 million.

It had previously said that complex franchise deals might prevent it leaving altogether. That follows a similar move by McDonald’s, which had been in Russia for 30 years.

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