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Bauer Media who produce fashion titles like Grazia want to take a slice of the growing online retail sector with the launch of a website called Cocosa.com, which it will position as a high-end fashion portal selling luxury brands at discount prices.

The site is intended to take on the likes of Netaporter.com and Asos.com, which recently posted a 104% hike in sales over a six-month period. The site will launch later this month…