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Hong Kong's Li & Fung to buy German supplier Miles Fashion for 51 mln usd.
(From AFX Europe (Focus))
HONG KONG (XFN-ASIA) - Hong Kong trading company Li & Fung said it has agreed to buy Miles Fashion Group, a German supplier, for 51 mln usd.
Miles Fashion , which supplies goods to some retail chains in Europe, sells a wide range of ladies and menswear, childrens' wear, footwear and outdoor products.
Miles Fashion operates sourcing offices in Hong Kong, China, Bangladesh ...
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