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River Island owners acquire Mint Velvet in 100 million pound deal

River Island’s parent company Lewis Trust Group (LTG) has acquired British womenswear retailer Mint Velvet in a deal reportedly valuing the company at more than 100 million pounds. The deal will see Mint Velvet co-founders Peter Davies, Liz Houghton and Lisa Agar-Rea share a multimillion-pound payout, according to the Guardian. LTG, which is run...