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Warren Buffett's Chinese Suit Maker Just Bought Its Way Into American Closets

When a wholesale suit supplier buys into a hip menswear brand, what does it mean for the apparel industry?
Warren Buffett And BofA CEO Brian Moynihan Speak At Georgetown University
Photographer: Drew Angerer/Getty Images

Warren Buffett claims to get all his suits made in China. Not by a custom tailor in Hong Kong; he prefers to have the stitching done by the Dayang Group, a menswear empire with about 5,000 workers.

Now the Chinese apparel giant has taken a $30 million stake in Indochino, a Vancouver-based startup selling made-to-measure menswear, mostly through its website, with measuring done by customers. A free measuring tape is part of the deal.