LONDON — Luc Vandevelde will step down from his post as chairman of Marks and Spencer Group plc, responding to pressure from institutional shareholders who say he isn’t paying enough attention to the British retailer.

M&S, the U.K.’s largest clothing retailer with an 11.3 percent share of the market, said in a statement Monday that Vandevelde “has indicated” he wants to leave the company’s board of directors.

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