Home / Knowledge / News / Apparel/Garments / Li & Fung subsidiary buys Oxford Apparel
Li & Fung subsidiary buys Oxford Apparel
23
Nov '10
Hong Kong based multinational Li & Fung Limited, the global consumer goods exporter, announced that its subsidiary, LF USA, has acquired substantially all of the assets of Oxford Apparel, which is one of the operating groups of Oxford Industries, Inc. The Group also said LF USA will launch industry-first lifestyle brands with globally recognized entertainers Jennifer Lopez and Marc Anthony that will be available in Kohl's stores.

The price of the transaction for Oxford Apparel, which is expected to close on or before December 31, 2010, was approximately US$121.7 million. Oxford Apparel produces branded and private label products including men's dress shirts, suited separates, sport shirts, casual slacks, outerwear, sweaters, jeans, swimwear and western-wear. Its products are sold to a variety of department stores, mass merchants, specialty catalog retailers, discount retailers, specialty retailers and internet retailers throughout the Unites States. The business is expected to be a core addition to Li & Fung's US onshore menswear platform.

Kohl's Department Stores and Music Entertainment Sports Holdings, a division of LF USA and partnership between LF USA and Star Branding, announced plans to launch contemporary lifestyle collections with Jennifer Lopez and Marc Anthony, which MESH will sub-license exclusively to Kohl's in the United States under a long-term agreement. The brands will initially launch in women's and men's apparel and accessories, and it is expected the collections may expand into home products over time.

Mr. Bruce Rockowitz, President of Li & Fung (Trading) Limited, said, “We are very delighted to seal these important deals. These iconic brands are great additions to our already strong portfolio. The deals help us broaden our relationships with our customers and retailers, and they underscore the fact that we are determined to take our design-driven businesses to new heights.

“Jennifer Lopez and Marc Anthony are incredible fashion icons with great talent. This, combined with Kohl's position and vision, will have a powerful impact on the retail scene.”

Li & Fung Limited


Must ReadView All

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search