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Sephora fires back at JC Penney in bid to end their partnership

Bloomberg Sephora USA Inc escalated its legal fight with partner JC Penney Co, saying the department-store chain’s response to the pandemic violates an agreement allowing it to operate about 650 in-house beauty boutiques. JC Penney, which closed all its stores in March as the virus spread, persuaded a Texas state court judge last week to temporarily bar Sephora from exiting ...

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Ocado retail revenue rises 40% on demand

Bloomberg Ocado Group Plc’s retail revenue rose more than 40% in the second quarter as the UK online grocer’s sales were boosted by home shopping during the Covid-19 lockdown. The company suspended financial guidance for the year, saying uncertainty around the pandemic made it impossible to predict near-term sales trends. The second-quarter’s gain was up from a 10% increase in ...

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Armed forces will be cornerstone of UAE’s 50 years plan

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has praised the role of the country’s armed forces in fighting all sorts of crises across the globe. “The 44th anniversary of the unity of our armed forces this year is happening during exceptional ...

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