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Administrators at FRP said the reduced store footprint would coincide with “a renewed focus on the brand’s products, online sales channels and wholesale strategies, bringing the brand in line with industry peers and supporting a return to financial stability”.
Ocado has also faced similar questions about the possibility in splitting its tech arm and its joint online grocery venture with M&S into two seperate companies as some investors consider the business a loss-making online supermarket rather than a global technology company. per-share.
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