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By Stephen Aldred and Donny Kwok

HONG KONG
Thu Feb 16, 2012 4:00pm IST


HONG KONG (Reuters) - L Capital Asia, the private equity arm of the world's biggest luxury goods group LVMH Moët Hennessy Louis Vuitton SA, could begin raising a new fund of more than $1 billion this year, as competition from Western brands creates opportunities to invest in Chinese retailers, its top executive said.


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