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Not always though, sometimes we say they've 'sold out' or are 'not the same'.

E.g. Fuller's (London brewer) now owned by Japanese conglomerate, Church (Northampton shoes, was still in the family) bought by Prada.

Only because the new owner tends not to have a sense of continuity or respect, and it usually is different.

The Churches clearly regretted selling after seeing what Prada did to their company (made it a parody of itself), so they now run Cheaney (a rival) and arguably make better shoes than Church's ever did. Still a sad story though.

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