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26.02.2010 00:55
Li & Fung to buy UK apparel supplier for $264 mln
HONG KONG, Feb 26 (Reuters) - Consumer goods exporter Li&Fung said in a statement late on Thursday that it would buy the whole of Visage Group Ltd, a private-label apparel supplier in the UK, for 173 million pounds ($264.1 million)

The company said the acquisition would help it expand and support its objective of developing a significant European presence.

For statement please click http://www.hkexnews.hk/listedco/listconews/sehk/20100225/LTN…

(US$1=HK$7.77=0.6551 pound)

(Reporting by Donny Kwok; editing by Jonathan Hopfner)

((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net)) Keywords: LI&FUNG VISAGE
 
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