Next and group of investment firms acquire baby goods retailer JoJo Maman Bébé

JoJo Maman Bébé, which has 87 stores across the UK, has been snapped up by the high street giant Next and a group of investment firms led by hedge fund Davidson Kempner. Next has taken on 44% of JoJo Maman Bébé's shares and will invest £16.3m in the brand.

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