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Good Growth - Are multiples falling out of fashion?

Are multiples falling out of fashion?

The media is currently full of stories of the failure of the home and fashion multiples to make headway. First, there was the dramatic House of Fraser rescue programme, then John Lewis’ profitability problems and most recently murmurings from The City about Debenhams suppliers facing reducing insurance coverage. So, are multiples really falling out of fashion, or are they attracting the footfall online and their problems come from failing to convert interest and provide an effective customer experience?

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Good Growth - Are multiples falling out of fashion?