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Asos and Boohoo Could Kill 25,000 Jobs, 500 Stores This Year

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UK retail loses jobs and stores as Bohoo buys Debenhams, with more losses should Asos succeed in quest to buy Topshop parent Arcadia.
The Debenhams nameplate, acquired by Boohoo Group plc, will no longer have a brick-and-mortar presence.
CREDIT: Andrew Matthews/PA Wire via AP

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British high streets are in for a world of pain as the latest retail deals are primed to take well-known fashion names exclusively online, casting hundreds of stores by the wayside and leaving tens of thousands of jobs in the lurch. Fast-fashion e-tailer Boohoo is taking on Debenhams’ assets, but not its stores while fellow…

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