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H&M, Primark brace for downturn in Europe as epicenter shifts

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Hennes & Mauritz AB and Primark are bracing for an unprecedented slump in European sales as the epicenter of the coronavirus outbreak shifts from China.

[STOCKHOLM] Hennes & Mauritz AB and Primark are bracing for an unprecedented slump in European sales as the epicenter of the coronavirus outbreak shifts from China.

Primark has closed shops that generate 30 per cent of its total revenue as governments ordered shutdowns. H&M is...

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