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Retail

Boots parent company will close 1,200 stores

Boots, the parent company of Boots high-street pharmacy, will close 1,200 stores in America in the next three year as it struggles with a decline in consumer spending rates and low reimbursement rates for drugs. Walgreens Boots Alliance,…

Richemont sells Net-aporter to rival

Richemont struck a deal with its German competitor Mytheresa to sell Yoox Net-a-Porter to them after an earlier sale agreement failed. The Swiss luxury conglomerate that owns Cartier, as well as other high-end fashion and jewellery…