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Ben Sherman, the London-based apparel brand, is exiting the footwear business.
A statement issued Friday said the company plans to leave the shoe, kids’ and youth sectors by the end of 2009 to concentrate on men’s and women’s apparel instead.
“Together with many other leading companies in the U.K. fashion sector, we are experiencing challenging trading conditions, which are exacerbated by the effect of the fall in sterling against the dollar,” Miles Gray, CEO of Ben Sherman Group Ltd., said in the statement.
He added that plans for new international flagships will continue, with a Boston store slated to open at the end of June, bringing the U.S. store total to five.
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