follow us

Li & Fung announces five acquisitions

Hong Kong - Multi-national trading house Li & Fung limited has signed three acquisitions for its trading network and two for its distribution network that will add revenues of $660 million and $80 million, respectively.

Acquisitions for the trading group include: Exim Designs, a Thai-based furniture trading company; Collection 2000, which specializes in cosmetics for the UK; and Loyaltex Apparel, which sources and develops knits, woven/denim and sweaters.

Li & Fung's distribution group will be incorporating Hampshire Designers, the women's division of U.S.-based Hampshire Group Limited; and TVMania, a European supplier of character licensed and branded merchandise.

Executive deputy chairman William Fung said the company is pursuing additional acquisitions.



Featured Video

Other Home Furnishings Sites

Casual Living
Gifts and Decorative Accessories
Home Accents Today
Kids Today
Home & Textiles Today