decorate with racing flags and parts of cars
Logistically, Europe offers more convenient expansion than in regions further afield due its closer proximity to the UK, similar seasons and westernised consumers wanting fashions similar to the UK's.
Icelandic bank Glitnir also backed the company in the same year. Months later, the bank collapsed and was nationalized, so its share in Whistles (ten percent) was transferred to Reykjavik.
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As per the current numbers, Iceland now owns less than 10 percent. Four years ago, coinciding with the financial struggle hike, the retailer was taken over by Jane Shepherdson, former Topshop Brand Director, who now owns a 20 percent stake in the business.
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