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Amazon to acquire Eero to help connect home devices

Bloomberg Amazon.com Inc. has agreed to acquire Eero, a builder of WiFi-networking tools, in another deal aimed at bolstering the retail and technology giant’s home devices business. Eero, based in San Francisco, makes gadgets that extend WiFi coverage throughout a home using local networking, known as mesh technology, that removes hiccups in broadcasting internet signals. The companies didn’t disclose the …

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Debenhams seeks financial, product revamp

Bloomberg Debenhams Plc secured a lifeline from some of its lenders, giving the troubled UK department-store company $51 million in liquidity as it attempts a broader refinancing. The company, which operates middle-market stores that anchor many of Britain’s malls, also struck an agreement with export and logistics company Li & Fung Ltd. on a sourcing partnership for Debenhams own-brand products. …

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Gucci’s 28% growth fails to clear high bar set by LVMH

Bloomberg Kering SA’s Gucci label outpaced competitors in the fourth quarter, though the 28 percent sales growth won little applause from investors who had high expectations after rival LVMH trounced estimates last month. The last of the major luxury-goods makers to report for 2018, Kering wraps up an unusually strong earnings season for the industry. The Gucci owner confirmed a …

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