By
with contributions from Kellie Ell
 on March 3, 2014

TOKYO Fast Retailing's shares advanced Monday on reports it's in talks to buy J.Crew for as much as $5 billion.

As WWD reported Monday, a source said Fast Retailing is in the early stages of negotiations to acquire the American fashion company from TPG and Leonard Green & Partners and a deal could be finalized within the next two months. Fast Retailing, the corporate parent of Uniqlo, has declined to comment.

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