NEW YORK (Reuters) - Fast Retailing <9983.T>, parent of clothing retailer Uniqlo, is in talks to buy J.Crew for as much as $5 billion, the Wall Street Journal reported on Friday.
The paper said that Fast Retailing had approached J.Crew's management about the potential purchase and that J.Crew was seeking as much as $5 billion for the business.
It was unclear whether Fast Retailing was willing to pay that much, the Journal said, without citing sources.
(Reporting By Christian Plumb; Editing by David Gregorio)
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