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Multibrand retail has weathered endless industry storms over the last decade, from the rise of e-commerce and the pre-pandemic brick-and-mortar apocalypse to the post-pandemic e-commerce slowdown and brick-and-mortar resurgence. The last five years have been particularly demoralizing, punctuated by the fire sales of Farfetch and Matches, the Saks Global bankruptcy, the Ssense restructuring, etcetera.