M&A Deal Summary

Li & Fung Acquires Ralsey Group

On October 21, 2004, Li & Fung acquired apparel/textiles company Ralsey Group

Acquisition Highlights
  • This is Li & Fung’s 4th transaction in the Apparel/Textiles sector.
  • This is Li & Fung’s 2nd transaction in the United States.
  • This is Li & Fung’s 1st transaction in New York.

M&A Deal Summary

Date 2004-10-21
Target Ralsey Group
Sector Apparel/Textiles
Buyer(s) Li & Fung
Deal Type Add-on Acquisition

Target

Ralsey Group

New York, New York, United States
Ralsey Group is a private label knitwear/sportswear company offering a diversified product line of women’s, kids’ and teens’ ready-to-wear apparel for specialty retailers and mass merchants in the United States and Europe.

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Buyer(S) 1

Buyer

Li & Fung

Kowloon, China

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 7 of 30
Sector: Apparel/Textiles M&A 4 of 18
Type: Add-on Acquisition M&A Deals 5 of 27
State: New York M&A 1 of 4
Country: United States M&A 2 of 8
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-02 Firstworld Garments

China

Firstworld Garments Limited engaged in the sourcing of apparel products for mass-market retailers in Mexico. Its customers include leading Mexican retailers Commercial Mexican, Gigante, El Palacio de Hierro and Suburbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-09 Rosetti Handbags and Accessories

New York, New York, United States

Rosetti has been creating stylish handbags for customers who love exciting fashion and great value. Designer qualities like contrasting top-stitching, polished hardware and runway-inspired styles appeal to women who are shopping for classics with a fashion-forward twist that will instantly update their wardrobe.

Buy $162M