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The Workaround Became the Operation
On Monday, Metro's Russian business said it was operating as normal and meeting its obligations to shoppers. The same day, its German parent said it had lost operational control. Both statements can be true. A presidential decree placed Metro's Russian assets under temporary management by a company registered three weeks earlier and owned by the head of its Russian business. The 91 wholesale stores can keep serving customers while the parent no longer controls them. From the

Derrick Greenwood
4 days ago2 min read
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