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Walmart Acquires Bare Necessities in Latest Buying Spree

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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