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Westons consider $5.7 billion Selfridges sale after approach

Bloomberg The billionaire dynasty behind Selfridges & Co is considering a 4 billion-pound ($5.66 billion) sale of the British department store group following an approach from a potential buyer. The Weston family has asked Credit Suisse to advise on the future of the business, which includes the flagship emporium on London’s Oxford Street and stores operating under other names in ...

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Swiss plan to reopen border for vaccinated int’l travellers

Bloomberg Switzerland plans to reopen its borders for overseas visitors who have received a Covid-19 vaccine on June 28, joining other European countries easing entry rules imposed during the pandemic. Along with European Union countries, Switzerland has restricted travel from outside of Europe’s Schengen area as a result of the pandemic. With its vaccine drive accelerating and Covid-19 infections falling, ...

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Alex, Ani files bankruptcy after expansion

Bloomberg Jewellery maker Alex and Ani LLC, which operates dozens of stores, filed for Chapter 11 bankruptcy protection and put itself up for sale. The company said it entered into a restructuring agreement with debt and equity holders as it works to reorganise and boost its online and wholesale businesses. The retailer expects “little to no disruption” in operations. Alex ...

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