Retail in Asia

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Li & Fung in talks to buy New York’s Synergies

Global supplier of apparel Li & Fung is in advanced talks to buy Synergies Worldwide, a small New York-based supplier. The move would help Li & Fung gain a better foothold in the fast fashion and discount clothing space.

Fast fashion refers to apparel retailers that respond quickly to changing styles by moving new merchandise into their stores throughout the year.

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