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Romanian Fashion Stores Crushed By Aggressiveness Of Foreign Brands. House Of Art, The Latest Victim
01.31.2012
Staff Collection, the company operating the House of Art stores, and Corssa (Fox stores) have recently gone insolvent, thus adding two more names to the list of the local fashion companies ‘vanquished’ by the financial crisis and the aggressiveness of the foreign brands, which, regardless of the state of the economy, possess the financial strength to open new stores.
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