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City Chic retreats from Europe, sells Evans for $15.5m

City Chic retreats from Europe, sells Evans for $15.5m

Plus-size fashion retailer City Chic (ASX: CCX) has announced the sale of its UK brand Evans to AK Retail for £8 million ($15.5 million), alongside plans to exit the Europe, Middle East and Africa (EMEA) market which has deteriorated significantly for the Sydney-based company. City Chic has reached a deal with its third-party provider to close...