Li & Fung

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.

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

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

• Supply chain solutions
• Global sourcing services
• Logistics management
• Supply chain financing
• Consumer goods design

Headquarters

HQ city

Sham Shui Po

HQ country

Hong Kong SAR China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core 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

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and supporting.

• Vera BradleycoreOEM/ Whitelabel/ Licensing Partner · 11 June 2026Expanded 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)supportingOEM/ Whitelabel/ Licensing Partner · 10 March 2026Li & 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)coreOEM/ Whitelabel/ Licensing Partner · 11 February 2026Licensing 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)supportingStrategic or Co-development Partner · 27 February 2025Li & 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 NodesupportingStrategic or Co-development Partner · 15 August 2024Co-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 InstitutesupportingStrategic or Co-development Partner · 15 August 2024Co-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 - MaerskcoreStrategic or Co-development Partner · 22 December 2021Long-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

Direct 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

• YouTubeyoutube.com/channel/UCxuGXk1D-Aj46wU7T95HUZA
• LinkedInlinkedin.com/company/585614/admin
• Instagraminstagram.com/liandfung
• Xx.com/lfturhr
• Facebookfacebook.com/lf-europe-lf-americas-691423777705384

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A13 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Li & Fung