Li & Fung, a global supply chain solutions provider, has announced its acquisition of Orrsum, a prominent hosiery supplier known for its innovative and sustainable products. This strategic move aims to enhance Li & Fung’s capabilities in the hosiery market, allowing the company to better serve its clients and meet the increasing demand for high-quality hosiery.
Orrsum, which has built a solid reputation for its commitment to quality and sustainability, has been a key player in the hosiery industry. With this acquisition, Li & Fung seeks to leverage Orrsum’s expertise and strong supplier relationships to strengthen its market position. The integration of Orrsum’s operations is expected to streamline production processes, reduce lead times, and improve overall efficiency in the supply chain.
William Fung, Executive Chairman of Li & Fung, expressed enthusiasm about the acquisition, stating, “We are excited to welcome Orrsum into the Li & Fung family. Their dedication to sustainability and innovation aligns perfectly with our vision of creating a more agile and responsible supply chain.” He further emphasized that the acquisition will enable Li & Fung to tap into new markets and expand its product offerings, particularly in the growing demand for sustainable fashion.
The acquisition is part of Li & Fung’s broader strategy to diversify its product offerings and provide comprehensive solutions to its global clientele. By integrating Orrsum’s operations, Li & Fung aims to enhance its product development capabilities and expand its portfolio in the hosiery sector, ultimately delivering greater value to customers.
Orrsum’s team will continue to operate under its own brand, ensuring a seamless transition and continuity for existing clients. This acquisition not only strengthens Li & Fung’s presence in the hosiery market but also reinforces its commitment to sustainability in the fashion supply chain.
As the global demand for sustainable fashion continues to rise, Li & Fung’s acquisition of Orrsum positions the company to capitalize on evolving consumer preferences while driving innovation and responsible practices within the industry. This move is indicative of a larger trend within the fashion supply chain, where sustainability and efficiency are becoming paramount for long-term success.
