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  • Marks & Spencer chairman Luc Vandevelde, who is moving to part-time status at the retailer in just a few weeks, has announce that he will launch a private equity fund. He will still be spending about 60 percent of his time on the retailer’s business, according to reports; Marks & Spencer has no connection to the fund’s activities.

  • Boots Co., the UK HBC retailer, announced that it is looking for a new CEO to replace the current one, Steve Russell.

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