6 March 2009
JSM has recently advised Li & Fung Limited on the acquisition of the sourcing operations of Liz Claiborne Inc. and its affiliates in Asia for a cash consideration not exceeding US$83 million (HK$647.4 million).
Li & Fung will act as the primary global apparel and accessories sourcing agent for all brands in the Liz Claiborne Inc. portfolio, including Lucky Brand, Juicy Couture, and Kate Spade, with the exception of the jewellery product lines.
It is anticipated that the acquisition will enhance Li & Fung’s overall sourcing platform in the brands business and broaden the group’s existing customer base.
Lead Lawyers: Mark Stevens and Martin Robertson