Fast Retailing to take control of U.S. J Brand Holdings for $290 mln

TOKYO Fri Nov 30, 2012 1:17am EST

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TOKYO Nov 30 (Reuters) - Japan's Fast Retailing Co said it will buy an 80.1 percent stake in U.S. denim maker J Brand Holdings from Star Avenue Capital and J Brand managers for $290 million to gain more brand clout in the United States.

J Brand managers will hold the remaining 19.9 percent stake in the premium denim clothing designer, Fast Retailing said on Friday.