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Luen Thai Buys Universal Elite to Expand Leather Goods Sourcing

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Looking to make further inroads in the leather goods sector and spread out its Asian sourcing, Luen Thai Holdings Ltd. has entered into agreement to acquire 100 percent interest in Universal Elite Holdings Limited for $28 million. Universal Group, founded in 1972 and based in Hong Kong, manufactures handbags and small leather goods in the…

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