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January 23, 2002

AUSTRALIA: Fashion Chain Guava Closes Its Doors

Fashion chain Guava Clothing, launched just four years ago, is axing all its stores amid reports a sharp downturn in profits had signalled the death knell of the label. Up to 200 full and part-time shop assistants have been affected by the sudden closures which have affected the whole chain of around 50 stores across the country.

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