By  on November 26, 2008

Major acquisitions by public companies and private equity firms have slowed to a trickle, but smaller strategic deals are reshaping Seventh Avenue.

Vendors are being squeezed at both ends: Creditors are cutting their debt-to-equity ratios in half, and retailers are reducing orders and demanding sky-high markdown rebates — together forcing an estimated one-quarter of privately held apparel vendors to search for a capital investor, a strategic merger or a buyer, according to sources.

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