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EL PAÍS
Source: EL PAÍS
3 DaysEL PAÍS
Source: EL PAÍS
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Reese Witherspoon and French company Mediawan have bought back the Hello Sunshine stake she sold to investors in 2021 for an estimated $800–900 million; the repurchase was reportedly valued at no more than $50 million. The company has laid off 30 employees—about half its staff—closing its consumer-products and sales division after its direct-to-consumer ambitions failed to deliver. Witherspoon’s new partnership with Mediawan is expected to refocus Hello Sunshine on film, television and books.
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