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FatFace confirms US store closures as digital pivot comes into focus
British brand FatFace has shuttered its 23 stores across the US as it moves towards a digitally-focused approach amid a challenging market. Rising costs were said to be the driving force behind the closures, as the physical store model was deemed to no longer be viable in the US. Despite this, the brand has confirmed an intention to move to an...
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SMCP shareholder dispute resolved: 15.5 percent stake returned after legal battle
Paris, August 11, 2025 – The textile group SMCP (Sandro, Maje, Claudie Pierlot and De Fursac) can finally breathe a sigh of relief. The 15.5 percent of its capital illegally transferred in 2021 to a company based in the British Virgin Islands by its defaulting Chinese shareholder has been returned to the Luxembourg holding company that owned it....
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