US: Li & Fung to launch Kent & Curwen brand
LF USA, a division of global sourcing giant Li & Fung, is partnering with high-end men's wear company Trinity International and British Heritage Brands (BHB) to launch the Kent & Curwen brand in the US.
The Kent & Curwen brand already has a proven track record in Asia under Trinity, a member of the privately held Fung Group, which also owns the Gieves & Hawkes and Cerruti brands.
The new deal will enable LF USA to enter the higher price point better men's business, as well as leveraging LF USA's existing distribution platform, Heritage's management team and the existing product design capability of BHB.
BHB will run the day-to-day operations of Kent & Curwen in the US, LF USA will provide the distribution platform and back-office support, while Trinity will license the brand.
The news comes after Li & Fung last week said the restructuring of LF USA remains on track, as the division will continue to look at its brand portfolio in the US.
Hong Kong based Li & Fung reported a 69% slump in first-half profit and flat revenues, due to a change in its business mix and one-off gains.
The growth of inexpensive private label apparel is ending as the sector becomes less and less competitive, according to new research....
The most-read stories on just-style this week include a look at M&S's latest trading update, the end of a strike by garment workers in Cambodia, and a new factory and worker safety business unit set u...
China-based shirt manufacturer and yarn supplier Luthai Textile is to open an office in New York as part of the firm's ambitions to grow its global business....
Global sourcing giant Li & Fung has reorganised its factory support services into a new business unit that will focus more intensely on improving factory and worker safety in the garment industry....
Retailers who sourced garments from Tazreen Fashions in Bangladesh are again being urged to pay "full and fair" compensation to the victims of the factory fire - more than one year after the blaze kil...
Apparel giant Fifth & Pacific Companies has agreed to sell its Lucky Brand Jeans business to an affiliate of private equity firm Leonard Green & Partners, for US$225m, to focus on its popular Kate Spa...
Surfwear brand Quiksilver has entered into a licensing agreement with LF USA, a subsidiary of global sourcing giant Li & Fung, for children's apparel in the US....
- Improved supplier capabilities benefit Next
- THE FLANARANT: Understand win-win or lose out
- China and Vietnam lead US apparel imports in July
- Retailers voice concerns on Scottish independence
- Next H1: What the analysts say
- H&M goes green with Conscious Denim
- TPP talks "make progress" but issues remain
- Brandix selects first "game-changing" innovations
- Adidas defends position despite investor unrest
- Ultrasonic execs disappear along with company cash
- Wool in the 21st Century: new prospects for a familiar fibre
- Apparel Market in China to 2018 - Market Size, Trends, and Forecasts
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, Key Executives, and Contact Details
- Global market review of denim and jeanswear – forecasts to 2020
- Global Database of the Top 1000 Cut and Sew Apparel Producers - Company Names, Financial Performance, Key Executives, and Contact Details