Li & Fung
Li & Fung is a Hong Kong-headquartered global supply chain solutions provider, founded in 1906 and privatized in 2020, offering end-to-end sourcing, production, logistics, and digital platform services across 40+ production countries for global brands, retailers, and SME suppliers.
- Company typePrivate
- Founded1906
- HeadquartersSham Shui Po, Hong Kong SAR China
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Li & Fung does
Li & Fung is a Hong Kong-headquartered global supply chain solutions provider founded in 1906, operating across 41 offices in 40 locations with approximately 5,000 employees. The company convenes a network of 4,800+ factories in over 40 production countries and serves 50+ export markets, connecting thousands of suppliers with leading global brands and retailers across apparel, home textiles, footwear, hardgoods, accessories, and beauty categories. The company was privatized in May 2020 by the Fung family (60% voting) and GLP (40% voting, 67.67% economic) and delisted from the Hong Kong Stock Exchange after 28 years as a public company.
The company's core offering is the LF Digital Platform, a proprietary technology stack that fully digitalizes each step of the global supply chain to provide end-to-end visibility for customers, suppliers, and stakeholders. This is delivered through six core tools spanning materials, 3D design, vendor, and production platforms, with the 3D Design Platform reportedly reducing average product development cycles from 40 weeks to 21 weeks. Supporting capabilities include the Air8 supply chain fintech platform (under subsidiary LFX, with GLP Financial Services holding a 20% stake) providing working capital solutions to SME suppliers across 50+ markets, and the LF Jeanswear specialized product vertical. The company has expanded into licensing and brand stewardship through partnerships with Vera Bradley, C&C California, and Sanctuary, and in July 2025 acquired UK-based Orrsum (hosiery, underwear, loungewear) as its first acquisition in over a decade.
Li & Fung generates revenue through three primary streams: core supply chain solutions (transaction fees on end-to-end sourcing, production, and logistics services for brands and retailers), licensing partnerships (royalties and category exclusivity fees for branded product lines such as Vera Bradley apparel and C&C California swimwear), and Air8 supply chain finance (interest income and transaction fees on SME financing). The go-to-market is B2B sales-led, targeting global enterprise brands and retailers through direct account management and multi-year contracts, with no public pricing. Last publicly disclosed revenue was FY2019 turnover of US$11.4 billion; since the 2022 sale of LF Logistics to Maersk for US$3.6 billion and 2020 privatization, the company no longer discloses financials publicly.
Li & Fung firmographics
Firmographics- Name
- Li & Fung
- Legal name
- Li & Fung Limited
- Website
- https://lifung.com
- Company type
- Private
- Founded year
- 1906
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Li & Fung is a Hong Kong-headquartered global supply chain solutions provider, founded in 1906 and privatized in 2020, offering end-to-end sourcing, production, logistics, and digital platform services across 40+ production countries for global brands, retailers, and SME suppliers.
- Ownership category
- akta.pro rank
Li & Fung industry classification
Industry- Product category
- Supply Chain Management Services
- NAICS
- Process, Physical Distribution, and Logistics Consulting Services (541614)
- akta.pro primary industry
- E-commerce Fulfillment & Omnichannel Logistics (Pick/Pack/Returns) (TLAIAAAD)
- akta.pro secondary industries
- Value-Added Logistics (Kitting, Labeling, Postponement, Light Assembly) (TLAIAAAF), Sustainable & Responsible Supply Chain (ESG, Scope 3) (BPAHAHAM)
Keywords
Where Li & Fung is headquartered
LocationHeadquarters
- HQ city
- Sham Shui Po
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices4 records
Markets served
Li & Fung business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Supply Chain Solutions: Core trading and sourcing services providing end-to-end supply chain management for brands and retailers, including design, sourcing, production, and logistics coordination. Revenue generated through service fees based on transaction volume and value-added services.
- Licensing Partnerships: Licensing agreements with brands (such as Vera Bradley and C&C California) to produce and distribute specific product categories. Revenue generated through licensing fees and royalties.
- Air8 Supply Chain Finance: Supply chain fintech services providing financing solutions to SME suppliers, generating revenue through interest income and transaction fees on financed transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise supply chain solutions tailored to individual client requirements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Li & Fung product offering
Product offeringCore offering
Li & Fung provides end-to-end supply chain and logistics solutions for global brands and retailers, covering product design and development, raw material sourcing, factory manufacturing oversight, and logistics coordination. The company operates a network of over 4,800 factories across more than 40 production countries, supported by AI-enabled digital platforms that provide end-to-end visibility and reduce product development cycles from 40 weeks to 21 weeks. It also extends into supply chain financing through its fintech subsidiary Air8, which channels working capital to SME suppliers.
Product overview
Li & Fung operates as a global supply chain solutions partner offering a platform-based model combining digital tools, specialized product categories, and licensing partnerships. The core offering centers on the LF Digital Platform, which provides end-to-end supply chain orchestration through six core tools delivered via materials, 3D design, vendor, and production platforms. Supporting this are specialized product verticals including LF Jeanswear and acquired brands such as Orrsum (hosiery, underwear, loungewear). The company also operates LFX as a fintech subsidiary managing Air8, a supply chain financing platform for SME suppliers. Li & Fung extends its reach through licensing partnerships with brands such as Vera Bradley and C&C California, enabling production and distribution across multiple categories including apparel, swimwear, sleepwear, and outerwear. The LF Europe division manages European operations. The portfolio collectively serves brands and retailers by managing design, sourcing, production, and logistics across a network of over 4,800 factories in 40+ production countries.
Differentiator
Problem solved
Functional benefit
Brands
- Air8: Supply chain fintech company providing financing services to SME suppliers across consumer goods supply chain.
- LFX
- LF Jeanswear
Products and services
- LF Digital Platform
- Supply Chain Orchestration
- Supply Chain Solutions
- 3D Design Platform
- Air8 Supply Chain Finance A supply chain fintech platform operated under LFX that builds an insight-based technology platform leveraging Li & Fung's ecosystem to connect suppliers, buyers, and funders across more than 50 markets, focusing on cross-border trade finance and working capital solutions for SME suppliers in the apparel and general merchandise supply chain.
- LF Jeanswear
- Orrsum A UK-based brand in hosiery, underwear, and loungewear founded in 1998, delivering over 50 million pairs of socks annually to more than 5,000 retail doors worldwide. Acquired by Li & Fung in July 2025 and operating as part of LF Europe.
Quantifiable outcome
- Product development cycle reduced from 40 weeks to 21 weeks using Li & Fung digital apps
- +1 more outcomes
Companies that use Li & Fung
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
Li & Fung technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature5 records
Li & Fung partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and supporting.
- Vera BradleycoreExpanded licensing partnership with Vera Bradley extending into apparel from existing home business. The collaboration will launch tops, sweaters, and outerwear for holiday 2026, with plans to include swimwear and dresses by 2027, available across full-price, specialty, off-price, and club channels.
- Sanctuary (WSG Group)supportingLi & Fung taking operational leadership of Sanctuary brand, a Los Angeles-based contemporary women's sportswear brand in exclusive talks to be acquired by WSG Group for approximately $70.5 million. Li & Fung positioning the brand for global expansion and licensing growth from $13.9 million to $22.4 million projected revenue.
- C&C California (Established.Lifestyle)coreLicensing agreement with C&C California, a division of Established.Lifestyle, to produce and distribute women's swimwear, sleepwear, and outerwear. Agreement grants category exclusivity and wholesale distribution rights across all channels including full-price, off-price and club retail.
- European Branded Clothing Association (EBCA)supportingLi & Fung joined EBCA alongside over 70 European and global retail clothing brands. EBCA serves as the leading collective voice for global clothing brands in Europe, promoting competitive EU policy environment towards sustainable and resilient branded clothing sector.
- MIT Hong Kong Innovation NodesupportingCo-host of the Fashion Tech Summit 2024 focused on sustainability as a competitive advantage in fashion. MIT Professor Charles Fine participated as keynote speaker discussing supply chain resilience and digital change.
- HKUST Li & Fung Supply Chain InstitutesupportingCo-host of Fashion Tech Summit 2024, supporting the initiative to position Hong Kong as a premier hub for transformation and innovation in the global fashion arena.
- A.P. Moller - MaerskcoreLong-term strategic partnership enabling both companies to utilize their respective resources and global networks to create comprehensive end-to-end global supply chain services. Maersk acquired LF Logistics for US$3.6bn enterprise value, while Li & Fung formed partnership with Maersk and acquired Global Freight Management business.
Scale indicators11 records
Recent moves10 records
Expansion highlights6 records
Li & Fung competitors and assessment
Company assessmentDirect peers
- Esquel Group: Hong Kong-based textile and apparel manufacturer with vertically-integrated cotton-to-shirt operations serving major global brands. Directly comparable to Li & Fung as a large-scale Asian apparel sourcing and manufacturing partner for global brands and retailers.
- Welspun Group: India-based global textile manufacturer serving home textiles, flooring, and apparel brands worldwide. Comparable to Li & Fung in operating as a large-scale Asian manufacturer and supplier serving global brands and retailers across multiple product categories.
- Lever Style: Hong Kong-based apparel manufacturer and supply chain partner serving global brands with design-to-delivery services. Comparable to Li & Fung's core apparel sourcing and supply chain orchestration business serving fashion brands and retailers.
- Crystal International Group: Hong Kong-listed apparel manufacturer providing multi-category garment sourcing and production services to global brands. Directly comparable to Li & Fung's apparel sourcing, production, and supply chain orchestration capabilities.
Broad incumbents
- Pentland Group: UK-based family-owned global sportswear, footwear, and apparel company with brand management and sourcing operations. Comparable to Li & Fung in operating across the apparel supply chain with brand licensing, sourcing, and distribution activities.
- PVH Corp: Global apparel company owning Calvin Klein and Tommy Hilfiger with extensive global supply chain operations. Comparable to Li & Fung as a large-scale apparel industry player with complex global sourcing requirements and brand management activities.
- Kuehne+Nagel International AG: Global logistics company offering integrated supply chain solutions including sourcing support, contract logistics, and freight forwarding. Comparable to Li & Fung in providing end-to-end global supply chain solutions to enterprise customers across multiple industries.
- DHL Supply Chain: Division of Deutsche Post DHL Group providing contract logistics and supply chain management services globally. Comparable to Li & Fung's supply chain orchestration and integrated logistics offerings for global brands and retailers.
Emerging players
- Maersk (A.P. Moller-Maersk): Global logistics integrator that acquired LF Logistics from Li & Fung for $3.6B in 2022 and now partners with Li & Fung. Comparable as both a strategic partner and adjacent competitor in integrated supply chain and logistics services for global brands and retailers.
- Flexport: Digital freight forwarder and supply chain platform providing technology-enabled logistics services. Comparable to Li & Fung's digital transformation ambitions in bringing technology and visibility to traditional global supply chain operations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Li & Fung social profiles
Digital presenceLi & Fung compliance and trust
Trust signalCompliance1 record
Li & Fung financial estimates
Financial estimateRevenue estimate
Valuation estimate
Li & Fung leadership team
Management profileNumber of profiles
Profiles10 records
Li & Fung subsidiaries and ownership
Company hierarchySubsidiaries3 records
Li & Fung funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Li & Fung M&A and investment
M&A and investmentM&A13 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Li & Fung
What does Li & Fung do?
Li & Fung provides end-to-end supply chain and logistics solutions for global brands and retailers, covering product design and development, raw material sourcing, factory manufacturing oversight, and logistics coordination. The company operates a network of over 4,800 factories across more than 40 production countries, supported by AI-enabled digital platforms that provide end-to-end visibility and reduce product development cycles from 40 weeks to 21 weeks. It also extends into supply chain financing through its fintech subsidiary Air8, which channels working capital to SME suppliers.
Is Li & Fung a public or private company?
Li & Fung is a private company. It is classified as corporate owned and is currently operating.
When was Li & Fung founded?
Li & Fung was founded in 1906. It employs 1,001 to 5,000 people.
Where is Li & Fung based?
Li & Fung is headquartered in Sham Shui Po, Hong Kong SAR China, in the Asia region.
How does Li & Fung make money?
Three revenue lines are on record. Supply Chain Solutions are the primary driver. The others are licensing Partnerships and air8 Supply Chain Finance.
Who are Li & Fung's main competitors?
Direct peers on record are Esquel Group, Welspun Group, Lever Style and Crystal International Group. Broad incumbents are Pentland Group, PVH Corp, Kuehne+Nagel International AG and DHL Supply Chain. Emerging players are Maersk (A.P. Moller-Maersk) and Flexport.
Does Li & Fung have an API?
No public API is recorded for Li & Fung.
What industry is Li & Fung in?
Li & Fung's product category is Supply Chain Management Services. Its primary akta.pro industry code is TLAIAAAD, E-commerce Fulfillment & Omnichannel Logistics (Pick/Pack/Returns), with a secondary code of TLAIAAAF, Value-Added Logistics (Kitting, Labeling, Postponement, Light Assembly). Its NAICS code is 541614.