"FASHION is a form of ugliness so in tolerable that we have to alter it ev ery six months." Oscar Wilde's quip now sounds hopelessly out of date. Fashions change far more often than twice a year. And the rag trade is as footloose as its cus tomers are fickle. It goes wherever clothes can be made cheaply and reliably. Until re cently, that meant China. But as Chinese wages soar, buyers are looking elsewhere. South-East Asia could be the next big thing.
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