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American Eagle to open stores in the Philippines

American Eagle Outfitters Inc. said on Thursday that it has reached a deal with will allow it to open retail stores throughout the Philippines.

The Pittsburgh-based company said it signed a multiyear retail license agreement with Suyen Corp., a retailer and franchisee that operates about 744 various stores in the Philippines, along with 126 franchised stores in the country. Financial terms were not disclosed.

(Source: CNBC)