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The restructuring is expected to result in 365 redundancies.
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The new base will manage the company’s Asia cluster - a combination of company-run stores and distributor-led markets across the region.
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Joseph Stiglitz and Keith Leffler estimated that halting the “upward spiral” of swipe fees could save merchants $38bn by 2031.
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Krampe will take over from Jasper Eenhorst, who will exit and pursue new career opportunities.
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The new ownership structure provides greater financial flexibility to pursue long-term growth.
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The retailer describes business rates clarity as key to maintaining investment and enabling expansion.
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The French consumer watchdog confirmed that all illegal items had been taken down from Shein.
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The initiative requires employees to smile, make eye contact and greet or wave when a shopper is within 10ft.
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