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US$12.3 TRILLION out of thin air…
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Another reason I’ve continued buying Boohoo shares is that I suspect 2021 will see the company embark on another canny acquisition spree. Although pure speculation at this point, I wonder if battered brands such as
Ted Baker, New Look and Topshop might be on its shopping list. It’s certainly got the financial firepower to make some opportunistic bids.
Third, the business is still performing extremely well. Unlike other retailers, selling fast fashion has never been an issue for Boohoo, even during lockdowns and recessions.