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South Korea's E-Land Group sells Teenie Weenie clothing brand to China’s V-Grass

( September 5, 2016, 10:00 GMT | Insight) -- South Korean fashion company E-Land Group has decided to sell its clothing brand Teenie Weenie to China-based fashion company V-Grass for around 1 trillion won ($904 million), Yonhap News reports.South Korean fashion company E-Land Group has decided to sell its clothing brand Teenie Weenie to China-based fashion company V-Grass for around 1 trillion won ($904 million), Yonhap News reports. Teenie Weenie posted sales of 446.2 billion won in China last year, while net profit reached 90.3 billion won through the operation of 1,200 stores located in department stores and outlets in China. The deal was made to raise funds to cut debt. E-Land has current liabilities of 4.5 trillion won, which needs to be paid by the end of this year....

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