Li & Fung purchases $ 120 million clothing brand Oxford Apparel

Li & Fung's $120 million purchase of Oxford Apparel

Li & Fung announced that its subsidiary, Li & Fung (USA), has acquired most of the assets of Oxford Apparel, which is one of the operating subsidiaries of Oxford Industries, Inc.; the transaction to acquire Oxford Apparel is expected to end in December this year or before Completed, the price is about 121.7 million US dollars.

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Oxford Apparel mainly produces branded and private branded products, including men's dress shirts, suits, sweatshirts, slacks, jackets, sweaters, jeans, swimwear and western jeans; its products are distributed throughout the United States, and its network is spread across different types of department stores. Large chain stores, directory retail stores, special retail stores, specialty stores, and online stores. Its business is expected to infuse Li & Fung with an important new driving force in the US men's apparel business platform.

The group also stated that Li & Fung (USA) will launch the industry's first fashion brand in cooperation with world-famous artists Jennifer Lopez and Marc Anthony, and will sell it in Kohl's store.

Kohl s Department Store and Music Entertainment Sports Holdings ("MESH") announced plans to launch a series of contemporary fashion brands with Jennifer Lopez and Marc Anthony; MESH is a subsidiary of Li & Fung (USA) and is a subsidiary of Li & Fung (US) and Star. Branding's joint venture company; MESH will enter into long-term contracts with Kohl's for exclusive re-licensing of the brand in the United States. This brand series will first introduce women's and men's apparel and accessories. It is expected that the product will be extended to household items later.