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British Fast Fashion E-tailer Boohoo Buys Karen Millen, Coast

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British e-tailer Boohoo has purchased two other U.K. brands—Karen Millen and Coast—and the future of their stores and operations hangs in the balance. Boohoo’s 18.2 million pound bid ($22.14 million) on the two companies was announced Tuesday, and the cash pre-pack administration deal has been finalized, according to a company statement. Now, decisions must be…

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