top shadow

Trade Readers:
I am a Manufacturer’s Rep
I am a Distributor
I am a Textile Supplier
I am a Banker or Factor
I am an OEM Producer
I want to receive more info from this company about its products
I want to receive a catalog from this company
I want to learn more about carrying this brand in my store; have them contact me
I would like to become a manufacturer’s representative for this company; have them contact me
I want to comment on this brand
I am a store owner/buyer who would recommend this brand to other stores

Consumer Readers:
I am a consumer who wants to purchase garments from this company; have someone contact me
I am a consumer who wants to know how/where to purchase this product

I am a consumer who would like a consumer catalog, if you provide one
I am a consumer who would recommend this brand

current news

Li & Fung Makes Acquisitions

(Filed Under Financial and General Interest News). Hong Kong-based sourcing firm Li & Fung has made a series of business acquisitions aimed at expanding its customer portfolio and creating synergy between international businesses.

Businesses purchased include U.S.- and Hong Kong-based textile sourcing and development company Loyaltex Apparel, U.K.-based beauty company Collection 2000, Thailand-based furniture company Exim Designs, U.S.-based knitwear company Hampshire Designers as well as TVMania, a European supplier of apparel with a wide variety of popular licenses, including Disney, Barbie, Hello Kitty and SpongeBob SquarePants.

"We are pleased to have concluded a series of transactions that will further expand our customer base and strengthen our product offerings," said Li & Fung President and Chief Executive Officer Bruce Rockowitz in a statement. "These acquisitions will allow us to become the largest global player in licensed apparel trading, and hence a stronger and even more valuable partner to licensors and retailers."

According to Li & Fung, the pre-tax profit of the five new companies was approximately $80 million and the turnover was approximately $660 million.

more Financial and General Interest News >>

Published 06-27-2011 by Katherine Rautenberg

Related Articles

Li & Fung First-Half Profits Fall 15%
Li & Fung Makes Acquisitions
Li & Fung Shuffles Management
CIT, Li & Fung Expand Relationship

Comment on this article, brand or product

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow