(Filed Under Financial and General Interest News). Li & Fung Limited, a Hong Kong-based global consumer goods exporter, has become Liz Claiborne’s primary global apparel and accessories sourcing agents for all brands in the Liz Claiborne, Inc. portfolio, including Lucky Brand, Juicy Couture, Kate Spade and Isaac Mizrahi-designed Liz Claiborne New York, with the exception of jewelry for the product lines.
Li & Fung paid a sum of $75 million for Liz Claiborne’s sourcing operations and will pay up to $8 million more by April 14th.
Juicy Couture licenses footwear, swimwear and more; Kate Spade licenses footwear; and Lucky Brand licenses swimwear.
Li & Fung is also the sourcing agent for Claiborne’s Mexx brand, which licenses swimwear, socks and more, under an earlier agreement.
For further information on Li & Fung, visit www.lifung.com.
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