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Walmart Acquires Bare Necessities in Latest Buying Spree

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Walmart late on Friday announced it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, just 10 days after the retail behemoth announced it had purchased plus-size fast-fashion label Eloquii. “The acquisition of Bare Necessities fits well into our broader acquisition strategy, which includes two different types of companies: 1) category leaders with specialized…

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