M&A Deal Summary

Li & Fung Acquires Kathy Van Zeeland

On August 13, 2008, Li & Fung acquired apparel/textiles company Kathy Van Zeeland for 330M USD

Acquisition Highlights
  • This is Li & Fung’s 10th transaction in the Apparel/Textiles sector.
  • This is Li & Fung’s largest (disclosed) transaction.
  • This is Li & Fung’s 5th transaction in the United States.
  • This is Li & Fung’s 4th transaction in New York.

M&A Deal Summary

Date 2008-08-13
Target Kathy Van Zeeland
Sector Apparel/Textiles
Buyer(s) Li & Fung
Deal Type Add-on Acquisition
Deal Value 330M USD

Target

Kathy Van Zeeland

Old Bethpage,, New York, United States
website
Van Zeeland, Inc. a New York based importer of mid-tier and department store handbag brands including its flagship labels Kathy Van Zeeland Handbags, B. Makowsky and Tignanello.

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Buyer(S) 1

Buyer

Li & Fung

Kowloon, China

website


Category Company
Founded 1906
Sector Transportation
Revenue 11.4B USD (2019)
DESCRIPTION

Li & Fung is an integrated logistics company working to connect and simplify its customers’ supply chains. Li & Fung was formed in 1906 and is based in Kowloon, China.


DEAL STATS #
Overall 15 of 30
Sector (Apparel/Textiles) 10 of 18
Type (Add-on Acquisition) 12 of 27
State (New York) 4 of 4
Country (United States) 5 of 8
Year (2008) 4 of 5
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-22 Wilson & Wong Trading Company

Kowloon, China

Wilson & Wong Trading Company one of the important silk fabric trader in Hong Kong, Wilson and Wong always keep ahead on silk textile fabric, product design, development, producing and marketing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-30 MILES Fashion

Norderstedt, Germany

Miles Fashion sells a wide range of ladies and menswear, kidswear, outdoor and footwear products. It provides integrated supply chain services and assumes responsibilities of a one-stop supply chain manager without having any production facilities of its own. It operates sourcing offices in Hong Kong, PRC, Bangladesh and Singapore.

Buy $51M