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FEAR & GREED | Business News
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Cole's Group's CEO Says Consumers Are Still Ordering From Uber Eats
Elle Cataton, which counts as LVMH and the wealthy are no family as major backers, have told potential investors it expects sales to increase by almost 45% in the next six years alone. The swimwear labels private equity owner is putting the high profile brand up for sale. Cole's boss Stephen Kane says consumers are still ordering from Uber Eats, but the expects more shopping for home meals at the expense of restaurants and pubs. At its 841 supermarkets, Cole's posted a 6.5% rise in sales for the three-month old month to the end of March.
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