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Hong Kong : Tack Fat raises stake in Mudd

2004-7-29


Hong Kong-based swimwear and casualwear maker Tack Fat has increased its stake in US jeanswear company Mudd from 5 to 36 percent, according to the source. Tack Fat, which will pay $53 million (€44m) for the stake, is reported to have an option to acquire a further 15 percent of the brand''s share capital.

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