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Carluccio's bought by Giraffe owner but 1,000 jobs cut

The deal saves 800 jobs and 30 sites, but 40 restaurants and more than 1,000 jobs will be lost.

Rusty Hutson Jr is the boss of fast-growing US energy firm Diversified Gas & Oil.

The e-commerce giant paid more than the buildings previous sales price. It may still have been a good deal, capital markets experts say.

When US entrepreneur Michael Baum bought a famous French vineyard it caused a trans-Atlantic spat.

Three new buyers want to help the fashion chain retain its US stores and expand overseas.

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