Hong Kong-headquartered supply chain management company Li & Fung has acquired Orrsum, a UK-based manufacturer of hosiery, underwear and loungewear, for an undisclosed amount.
Founded in 1998, Orrsum reports that it produces over 50 million pairs of socks for distribution to more than 5,000 retail doors worldwide each year. Following the deal, Orrsum will operate as part of Li & Fung Europe and continue to be led by William Orr, Orrsum’s CEO.
“This acquisition marks a significant step in accelerating our growth strategy,” said Destan Bezmen, president of LF Europe. “By combining Orrsum’s category leadership and product development capabilities with Li & Fung’s digital infrastructure and global reach, we are scaling high-demand categories, broadening our customer offering, and driving faster, more flexible execution across markets.”
“Joining the Li & Fung family is a milestone for Orrsum,” said Orr. “With access to their global platform and advanced technology, we can expand our footprint, enhance service levels and unlock new growth opportunities for our customers and partners.”
The acquisition is Li & Fung’s first in over a decade and the first since its privatization in 2020. Li & Fung said the move “reflects the company’s strategic pivot toward platform-based growth, focused on scalable product categories, digital integration, and resilient supply chain solutions.”
“Looking ahead, our growth will be fueled by a combination of disciplined organic expansion and selective acquisitions that strengthen our platform and extend our category leadership,” said Joseph Phi, group CEO of Li & Fung. “This acquisition reflects our renewed momentum through expanded product specialization, leveraging our resilient, technology-enabled, and customer-focused global supply chain.”
Images courtesy Li & Fung, Orrsum
