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Design

Superdry buys franchise partner for €40m

Supergroup, the owner of the Superdry label that has seen its shares treble since last spring, has bought its franchise partner in Benelux and France for €40m (£34m). The move will see a multi-million pound windfall for Luc Clément, the founder of CNC Collections. Mr Clément, who will join the UK fashion retailer as head of European franchising,...

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