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May 27, 2004
Stalemate Forces Disney To Reconsider Retail Stores Sale
THE Walt Disney Company is close to scrapping the sale of its retail stores in Europe after a year of futile talks with two potential buyers. Disney conceded yesterday that it may keep the stores after rival bidders Peter Morris, former chief executive of Coffee Republic, and P-Y Gerbeau, the former Millennium Dome boss, failed to buy the franchise. Disney said that it was exploring all options . . . including keeping the stores.
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Posted By: pjbs35a @ 3:50 PM | 
