Li & Fung signs seven deals in last few months

09 Jul '10

4 min read

Mr. William K Fung, Group Managing Director of Li & Fung Limited, said, “We are delighted to conclude a series of acquisitions that cover both HBC as well as US onshore businesses. Over the past few years, we have set goals to expand our US onshore and beauty businesses. We have made significant inroads so far, and our pipeline of deals remains strong.”

Mr. Bruce Rockowitz, President of Li & Fung (Trading) Limited, added, “These deals once again demonstrate the tremendous opportunity we can create for various businesses and concepts by allowing them to leverage on our global sourcing and network capabilities. Our management structure also has ample scale and resources to support these new additions and we expect more deals to come. The deals will further solidify our market share in their respective areas and will contribute positively to our bottom-line in the long run.”

Li & Fung Limited is a Hong Kong headquartered multi-national export group and recognized as the world's leader in consumer goods design, development and sourcing. From over 80 offices in the United States, Europe, Africa and Asia, the Group manages the supply chain for retailers and brands worldwide and sources from more than 40 economies.

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