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Fast-fashion giant Boohoo has bought department store chain Debenhams for $75 million — but the deal won’t save the chain’s 118 stores

Boohoo has bought Debenhams’ brand and website for £55 million ($US75 million). Debenhams’ 118 stores will still close, which leaves 12,000 jobs at risk. The purchase will allow Boohoo to enter new markets while trying to cash in on the e-commerce boom. Visit Business Insider’s homepage for more stories. Fast-fashion […]
Fast-fashion giant Boohoo has bought department store chain Debenhams for $75 million — but the deal won’t save the chain’s 118 stores
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People can’t get enough of the festive penguin T-shirt worn by the first person to receive Pfizer’s shot, and the charity that makes it says it’s almost sold out

After photos of Margaret Keenan receiving the West’s first COVID-19 vaccine flooded social media, Twitter users were quick to praise her festive t-shirt. She was the first woman to receive Pfizer’s vaccine on Tuesday, when the UK began rolling out the shots. Sales of the blue t-shirt have tripled, with […]
People can’t get enough of the festive penguin T-shirt worn by the first person to receive Pfizer’s shot, and the charity that makes it says it’s almost sold out
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Harry Potter publisher Bloomsbury posted its highest earnings since 2008, saying that people are shunning streaming and turning to books during lockdown

Bloomsbury, the original publisher for the “Harry Potter” series, posted a 17% rise in revenue and 60% rise in profits in the six months to August. It posted its highest first-half earnings since 2008, and said people had “rediscovered the pleasure of reading” during lockdown. Bloomsbury credited its performance to […]
Harry Potter publisher Bloomsbury posted its highest earnings since 2008, saying that people are shunning streaming and turning to books during lockdown
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Tesco apologised after it claimed sanitary products were ‘non-essential’ and therefore not for sale during lockdown

A Tesco branch refused to sell sanitary products to customers on Monday, with the retailer claiming the items were “non-essential” and therefore off-limits during the country’s strict lockdown. The Welsh government has told retailers selling non-essential items to close, and ordered supermarkets to block off aisles selling non-essential products. The […]
Tesco apologised after it claimed sanitary products were ‘non-essential’ and therefore not for sale during lockdown
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Walmart sells UK grocer Asda for $8.8 billion

Walmart has sold its UK grocery chain Asda in an $US8.8 billion deal, Asda announced on Friday. The buyer consortium included private equity firm TDR Capital and Euro Garages owners the Issa brothers. Walmart will retain an equity investment in the business, but TDR Capital and the Issa brothers will […]
Walmart sells UK grocer Asda for $8.8 billion