Hong Kong-based sourcing giant Li & Fung Limited said Thursday that it has acquired U.S.-based footwear maker Jimlar Corporation and a Chinese furniture manufacturer.
In August, Li & Fung acquired U.S.-based Jimlar Corporation. Jimlar Corporation is a leading designer, distributor and supplier of footwear in the U.S. and internationally, producing footwear under license for Coach and Calvin Klein as well as for its own brands Frye, Mountrek and RJ Colt. The acquisition is a significant step in expanding the Group’s onshore presence in the U.S. as well as its capabilities in the footwear business. It should also provide further footwear sourcing capabilities for the Group as a whole.
Also in August, Li & Fung acquired one of China's leading furniture export trading companies, Kenas Furniture Group, which sells furniture to premier retailers and lifestyle brands overseas.
