Hop Lun

What Hop Lun does

Hop Lun is a Hong Kong-headquartered original equipment manufacturer (OEM) of intimate apparel, swimwear, activewear, and sleepwear serving more than 100 consumer brands globally. The company was founded in 1992 and has built a multi-country manufacturing footprint spanning China, Bangladesh, Ethiopia, and — most recently — Morocco, operating 10-plus factories with a workforce of more than 30,000 employees. Production capacity exceeds 150 million garments annually, anchored in three decades of specialization in bra engineering and complex intimates construction, supported by in-house design studios and product development teams.

The business model is a B2B contract manufacturing arrangement in which Hop Lun produces finished or near-finished garments to specification for brand customers under multi-year supply relationships, with revenue generated per-piece shipped. The company segments its customer base into Enterprise, Growing, and Emerging tiers, indicating an explicit go-to-market strategy spanning large anchor accounts (including Victoria's Secret) through to digitally native and emerging labels. Its technology stack is conventional for apparel OEM — pattern engineering, CAD-based design, automated cutting, and assembly lines — and is not described as differentiated by AI or proprietary software.

Since Platinum Equity's majority acquisition in 2022, the company has pursued an active M&A program, completing acquisitions of Rainbow West Apparel (December 2023), P.H. Garment (June 2024), Lintas (May 2025), Tobago (October 2025), and Chantelle Group's manufacturing operations (Famaco and Atma, early 2026), collectively broadening its geographic and product surface. As of early 2026, the company is reportedly exploring a sale at a valuation of up to $1 billion, and its leadership team was refreshed in late 2023 with Erik Ryd moving to Executive Chairman and Nadine Hall appointed CEO.

Name

Hop Lun

Legal name

Hop Lun (HK) Ltd

Website

https://hoplun.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Hop Lun is a Hong Kong-based apparel OEM founded in 1992, manufacturing intimate apparel, swimwear, activewear, and sleepwear for 100+ global brands across 10+ factories and 30,000+ employees, with annual capacity above 150 million garments.

Ownership category

akta.pro rank

Product category

Intimate Apparel Manufacturing

NAICS

Apparel Manufacturing (315), Cut and Sew Apparel Manufacturing (3152), Sporting and Athletic Goods Manufacturing (33992)

SIC

Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300), Sporting & Athletic Goods, Nec (3949)

akta.pro primary industry

Athletic / Performance & Activewear Brands (CRAAAAAD)

Keywords

• Intimate apparel manufacturing
• Swimwear manufacturing
• Activewear manufacturing
• Private label apparel
• Apparel sourcing services

Headquarters

HQ city

Kowloon City

HQ country

Hong Kong SAR China

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Private Label/OEM Manufacturing: Design and manufacture of intimate apparel, activewear, swimwear, and sleepwear for global retail brands under their private labels. Revenue generated through production fees based on order volume and complexity.
2. Design Services: Full-service design intelligence including trend forecasting, creative direction, and technical design provided as part of manufacturing partnerships or as standalone service.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Hop Lun is a private-label apparel manufacturer that designs, sources and mass-produces intimate apparel, swimwear, activewear, and sleepwear on behalf of more than 100 global fashion and intimates brands. Production is carried out across vertically integrated factories in Asia and North Africa, with output of 150 million-plus garments per year supplied directly to brand customers under their own labels.

Product overview

Hop Lun is a design-driven intimate apparel and bodywear manufacturing partner serving global brands. Founded in 1991 and headquartered in Hong Kong SAR, the company operates as a B2B manufacturer offering end-to-end services from design through delivery. The product portfolio spans four core categories: intimate apparel (bras, panties, shapewear, sleepwear), activewear, and swimwear. Service architecture comprises four integrated modules: Design Studio (creative direction, trend forecasting, technical design), Material Innovation (sustainable and performance fabrics), Manufacturing Excellence (precision production with 150M+ annual capacity), and Delivery (concept-to-door logistics). The company maintains 10+ factories and 6 offices across 6 countries with 20,000+ employees, producing 150M+ pieces annually for 100+ brand partners. Product design capabilities are showcased through seasonal capsule collections organized by category (intimates, activewear, swimwear), available as lookbooks for retail partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Private-label intimate apparel manufacturing Contract manufacturing of bras, panties, shapewear and related intimates under customer brand labels, produced at scale across Hop Lun's factories in Asia and North Africa for global fashion and intimates brands.
• Private-label swimwear manufacturing Design, sourcing and production of branded swimwear for global fashion and lifestyle brands, leveraging Hop Lun's pattern-making, fabric sourcing and high-volume cut-and-sew capability.
• Private-label activewear manufacturing Contract manufacturing of branded activewear and athleisure apparel for global sportswear and lifestyle brands, drawing on the group's knitting, finishing and sewn-product capability.
• Private-label sleepwear manufacturing Production of branded sleepwear and loungewear for global fashion and intimates customers, produced within the same vertically integrated factory network as the group's other apparel categories.

Quantifiable outcome

• 150M+ pieces produced annually across all categories
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered moderate and major.

• TobagomoderateStrategic or Co-development Partner · 17 October 2025Acquired Tobago, a premium Morocco-based manufacturer established in 1996, specializing in corsetry, lingerie, and swimwear. Deal adds approximately 800 skilled employees and 2.4 million pieces per year capacity. Expected to close Q4 2025.
• Chantelle Group (Famaco and Atma)moderateStrategic or Co-development Partner · 17 October 2025Acquired Moroccan manufacturing operations of Chantelle Group including Famaco and Atma facilities. These acquisitions represent Hop Lun's third deal in 2025 and fifth since Platinum Equity acquired the business in 2022.
• LintasmajorStrategic or Co-development Partner · 6 May 2025Acquired Lintas, a Hong Kong SAR-based intimates ODM established in 1995. Lintas operates two factories in Adamjee EPZ in Bangladesh. Expands manufacturing footprint and strengthens European market position.
• P.H. GarmentmajorStrategic or Co-development Partner · 6 June 2024Acquired P.H. Garment, a Hong Kong-based private label manufacturer specializing in bras, shapewear, and activewear. Deal includes three manufacturing facilities in Bangladesh and China. Aims to expand capabilities especially in bonded products.
• United Nations Global CompactmoderateOthers · 4 February 2024Hop Lun joined the UN Global Compact as official signatory, aligning with ten universally accepted principles in human rights, labour, environment, and anti-corruption, and supporting UN Sustainable Development Goals.
• Rainbow West ApparelmoderateStrategic or Co-development Partner · 18 December 2023Acquired Rainbow West Apparel, a women and minority-owned swimwear company based in Los Angeles. Aims to expand service capabilities and offer improved flexibility to retail partners.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Delta Galil Industries: Israel-headquartered global designer, manufacturer, and marketer of intimate apparel, activewear, and sleepwear with manufacturing in Asia, the Middle East, and Africa. Closely comparable to Hop Lun as a B2B intimates/activewear manufacturer with a multi-country production footprint and private label programs for global retail brands.
• Triumph International: Swiss-headquartered global intimate apparel brand and manufacturer with production across Asia and Europe. Comparable to Hop Lun as a large-scale, multi-country intimates manufacturer with deep technical bra expertise and brand partnerships across price tiers.
• MAS Holdings: Sri Lanka-based global apparel manufacturer specializing in intimates, activewear, and performance wear with 30+ years of experience and large-scale Asian manufacturing. Highly comparable to Hop Lun in business model (intimates/activewear B2B contract manufacturing), scale, and emerging focus on design-plus-manufacturing partnerships.
• Wacoal Holdings: Japan-based intimate apparel specialist with global manufacturing and brand operations. Comparable to Hop Lun as a long-tenured intimates specialist with deep category expertise, though more brand-led than pure OEM/ODM.
• Chantelle Group: French heritage lingerie and corsetry brand with vertically integrated manufacturing in Morocco and Europe. A direct comparable on intimate apparel manufacturing expertise; Hop Lun's 2025 acquisition of Chantelle's Morocco operations (Famaco, Atma) makes this an especially close relationship.

Regional players

• Embry Group: China-based intimate apparel and swimwear manufacturer serving global brands. Comparable to Hop Lun as an Asia-based intimates manufacturer, with similar OEM/ODM service model, though with a more regionally focused footprint.
• Cosmo Lady (China) Holdings: Largest intimate apparel retailer and manufacturer in China, with significant manufacturing capacity. Comparable to Hop Lun in intimate apparel scale and China-linked operations, though more retail-distribution heavy than Hop Lun's B2B-only model.

Broad incumbents

• Hanesbrands: US-listed global apparel conglomerate owning brands such as Hanes, Champion, and Bonds. Comparable to Hop Lun as a large-scale intimates and activewear manufacturer, though with much broader brand portfolio, retail distribution, and scale across multiple apparel categories.
• PVH Corp. US-listed global apparel company owning Calvin Klein and Tommy Hilfiger. Comparable to Hop Lun as a major global apparel enterprise with extensive manufacturing partner relationships and supply chain presence in Asia, though operating primarily as a brand licensor and marketer.
• Berkshire Hathaway (Fruit of the Loom): US-headquartered innerwear and activewear manufacturer with global production. Comparable to Hop Lun in the manufacturing of basic intimate apparel and activewear at scale, though with a more basic, mass-market focus and a much larger corporate parent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/hoplun_design

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments

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

Frequently asked questions about Hop Lun