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Apparel

UBM Asia acquires Novomania

UBM Asia announced last week that it signed a binding agreement with Novomania organisers Novo Mania Limited to acquire the annual Shanghai fashion fair. UBM will own 60 percent of the new joint venture company called UBM Novomania and will organise the show from 2013 onward. “China is already the second-largest apparel market in the world and...

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