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Fast Retailing To Acquire 80.1% Stake In J Brand

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Fast Retailing Posts Rise In Profit, Lifts Full-Year Outlook

Fast Retailing Co (OTC: FRCOY) announced its plans to buy an 80.1% stake in J Brand Holdings LLC for about $300 million.

In 2011, J Brand's revenue surged 38% to around $124 million.

Fast Retailing shares closed at $22.51 yesterday.

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