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TOKYO – Fast Retailing Co, owner of Japanese fast fashion brand Uniqlo, forecast 18 per cent growth in annual profit this week. The company said it expects net profits to reach 310 billion yen (US$2bn) for the year ending next August. This is a record high for the fourth consecutive year, buoyed by strong Chinese demand and running counter to the broader fast fashion market where major rivals have stagnated.

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