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Struggling Zulily Sold To Investment Firm

Qurate Retail Group, QVC's and HSN's parent organization, has sold online retailer Zulily to Regent, a Los Angeles-based global investment firm.  "Qurate acquired Zulily for $2.4 billion in 2015," per Retail Dive. "But Zulily recently hasn’t performed well. The unit has regularly posted the largest declines and losses in revenue within Qurate’s brand portfolio."

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