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Fashion/Clothing

Edward S. Lampert

Sears to close doors of Chicago flagship outlet in April

Sears Holdings Corp will be halting the operations of its flagship store in Chicago in April in a bid to bring down the number of its outlets and rely more on online retail, Reuters reported.

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FirstCry

India-based online baby store FirstCry scores $15M in Series C round

India-based online baby and kids store FirstCry.com scored $15 million in a Series C funding round led by Vertex Venture Management to expand its online, offline, and mobile presence.

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London Stock Exchange

As IPO market recovers, more retailers set to list in London- report

With a recovery in the IPO market propelling private equity backers to exit their investments, lenders are readying to list more UK retailers on the London bourse, the Financial Times reported.

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Lovable Lingerie Ltd

Singapore's Nalanda Capital ups stake in Indian firm Lovable Lingerie

Singapore-based private equity firm Nalanda Capital has increased its holding in Mumbai, India-based underwear manufacturer Lovable Lingerie Ltd to 8.79% in a deal valued at $3.25 million.

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Fantastic Sams Hair Salons

NewStyle Salons adds seven Fantastic Sams in Fox Valley

Wisconsin-based firm Salon Management Enterprises has acquired Fantastic Sams' seven hair grooming outlets in the Fox Cities and Green Bay region for an undisclosed sum, to be upgraded and re-branded to its NewStyle Salons brand.

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Dots

Private equity- owned Dots to seek bankruptcy protection- report

Sources told The Wall Street Journal that private equity-owned discount retailer Dots LLC is readying itself to file for bankruptcy as the company struggles from the competition given by flash sites.

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Men's Wearhouse

Jos. A. Bank Clothiers Inc's board asks stakeholders to refuse $1.6B Men's Wearhouse Inc hostile bid

Shareholders were asked by the Jos. A. Bank Clothier's Inc board to refuse a hostile bid amounting to $1.61 billion from Men's Wearhouse, Reuters reported.

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Neiman Marcus

Neiman Marcus Department store chain given two weeks to answer to data breach

Dallas-based Neiman Marcus Group Ltd was given two weeks by Florida Attorney General Pam Bondi to answer questions about the cyber breach that happened during the holiday rush, Bloomberg reported.

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Teespring

Rhode Island's Teespring raises $20M to sell custom T-shirts

Rhode Island, US-based startup Teespring has raised $20 million in its first round of funding led by Andreessen Horowitz to sell custom and pre-ordered T-shirts for a cause.

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Brookstone

Brookstone Co engages services of Jefferies Group, K&L Gates for debt restructuring- sources

To help it restructure its debt, retailer Brookstone Co has hired a financial adviser Jefferies Group and law firm K&L Gates, according to sources interviewed by Bloomberg.

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Aeropostale Inc

US apparel retailer Aeropostale approaches private equity firms to explore exit -Bloomberg

New York, US-based clothes retailer Aeropostale Inc contacted private equity groups amid pressure from investors to sell itself, according to sources cited in a Bloomberg report.

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Cherokee Inc

US clothing firm Cherokee acquires Tony Hawk brand for $19M

Van Nuys, California-based apparel brand licensing firm Cherokee Inc acquired the Huntington Beach-based clothing brand of legendary skateboarder Tony Hawk in a deal valued at $19 million in cash.

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Groupon Inc

Groupon grabs New York flash fashion site Ideeli in $43M cash deal

Chicago-based daily deals firm Groupon purchased New York-based flash fashion site Ideeli in a deal valued at $43 million in cash in a bid to compete with Amazon and other retail businesses.

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Debenhams

UK retailer Sports Direct acquires 4.6pct stake in Debenhams

Sports Direct, the biggest sporting goods seller in the UK, picked up a 4.6% stake in London-based multinational retail chain Debenhams for an undisclosed sum.

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Neiman Marcus

Neiman Marcus Group says some customers' credit card data may have been stolen

Private equity-owned luxury retailer Neiman Marcus Group Inc said a cyber breach in the middle of December may have compromised some of its customer cards, Bloomberg reported.

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