By  on January 26, 2012

TOKYO — Fung Brands and Sonia Rykiel said Thursday they are in exclusive talks for a deal that would see Fung Brands acquire 80 percent of the Rykiel business, leaving the Rykiel family with a 20 percent stake. Financial terms were not disclosed.

A spokeswoman said discussions should be completed in the “coming days or weeks, depending on legal or administrative steps.”

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