NEW YORK — Yet another dramatic chapter is being written in the storied history of the 55-year-old Leslie Fay Co.

Looking to revitalize itself under its new executive team, Leslie Fay has signed an exclusive sourcing deal with global trading giant Li & Fung (Trading) Ltd., while it prepares for a spring relaunch of its signature sportswear line and a fall 2003 revival of its Outlander label.

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