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Li & Fung Signs 7 Deals; Includes 3 Acquisitions Totaling US$140 Million
PrintReprintsCommentRecommend (0)7-8-10 5:18 AM EDT |

HONG KONG -(Dow Jones)- Blue-chip consumer trading firm Li & Fung Ltd. ( 0494.HK) said Thursday it signed seven deals in the past few months, which included three acquisitions totaling around US$140 million, funded by the firm's internal cash reserves.

The purchases are related to the health, beauty and cosmetics sector, as well as jeanswear and U.S. onshore businesses, the company said in a statement.

In addition, the company also signed four licensing deals, including a partnership with a U.S. celebrity stylist to create a lifestyle collection.

-By Joyce Li, Dow Jones Newswires; 852-2832-2333; joyce.li@dowjones.com


(END) Dow Jones Newswires
07-08-100518ET
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