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UK clothing brand White Stuff reports a 21.8% sales jump after being acquired by The Foschini Group.
White Stuff, a UK clothing brand specializing in knitwear and pyjamas, reported a 21.8% increase in sales over the 10 weeks leading to January 4, following its acquisition by The Foschini Group (TFG) for £50 million.
Online sales surged by 32.5%, while store sales increased by 8.5%.
The company credits the growth to strong sales of knitwear and nightwear.
White Stuff plans to expand with TFG's support.
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La marca británica de ropa White Stuff reporta un salto de ventas del 21,8% después de haber sido adquirida por The Foschini Group.