US: LF USA eyes expansion at new Greensboro office
LF USA, a subsidiary of Hong Kong based consumer goods sourcing giant Li & Fung Limited, has opened new offices in Greensboro, North Carolina and hinted that expansion is likely.
With a total of 30,000 square feet, the LF USA office on Grandover Parkway will house key support functions including accounting and finance, treasury management, transaction services, logistics and customs compliance.
The company has already hired 145 workers and expects to lift this to 200 by the end of the year.
"We have an aggressive style about how we go about building these businesses. I think that will continue," Rick Darling, LF USA president, said yesterday (6 February). "We doubled the size of our business every three years. That's our game plan, and we intend to continue to do that."
Li & Fung employs around 27,000 staff globally, with its US business headquartered in New York. It also operates around 240 offices and distribution centres and has access to a sourcing network of over 15,000 suppliers.
The company manages the clothing and footwear supply chain for major department stores and mass retailers like Neiman Marcus, Nordstrom's, Macy's, Kohl's, JCPenney and Walmart. Its portfolio also includes brands and licenses for women, men and kids such as Coach and Calvin Klein footwear, Frye boots, Hurley, Rocawear, Under Armour and fashion lifestyle collections such as Rachel Zoe, Sofia Vergara and Jennifer Lopez.
"After extensive research, we chose Greensboro, as we believe it's the right place to locate our support functions," Darling added. "Greensboro has a great community, a huge pool of talent, and is a historic hub for our industry."
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