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M&A Deal Summary

Li & Fung Acquires MILES Fashion

On November 30, 2008, Li & Fung acquired apparel/textiles company MILES Fashion for 51M USD

Acquisition Highlights
  • This is Li & Fung’s 11th transaction in the Apparel/Textiles sector.
  • This is Li & Fung’s 6th largest (disclosed) transaction.
  • This is Li & Fung’s 1st transaction in Germany.

M&A Deal Summary
Date 2008-11-30
Target MILES Fashion
Sector Apparel/Textiles
Buyer(s) Li & Fung
Deal Type Add-on Acquisition
Deal Value 51M USD

Target

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.

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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 16 of 30
Sector: Apparel/Textiles M&A 11 of 18
Type: Add-on Acquisition M&A Deals 13 of 27
Country: Germany M&A 1 of 2
Year: 2008 M&A 5 of 5
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-13 Kathy Van Zeeland

Old Bethpage,, New York, United States

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.

Buy $330M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Li & Fung - Asia Distribution

Hong Kong, China

Li & Fung - Asia Distribution engages in the distribution of consumer and healthcare products across Asia.

Buy -
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