The acquisition will see Orrsum operate as part of Li & Fung's Europe division (LF Europe).
It will continue to be led by Orrsum's CEO William Orr to ensure business continuity and a seamless integration into Li & Fung’s global platform.
LF Europe's president Destan Bezmen explained: “This acquisition marks a significant step in accelerating our growth strategy.
“By combining Orrsum’s category leadership and product development capabilities with Li & Fung’s digital infrastructure and global reach, we are scaling high-demand categories, broadening our customer offering, and driving faster, more flexible execution across markets.”
Li & Fung's group CEO Joseph Phi added: “Looking ahead, our growth will be fuelled by a combination of disciplined organic expansion and selective acquisitions that strengthen our platform and extend our category leadership.
“This acquisition reflects our renewed momentum through expanded product specialisation, leveraging our resilient, technology-enabled, and customer-focused global supply chain.”
Orrsum will leverage Li & Fung’s AI-enabled digital infrastructure and sourcing network across 40 economies to strengthen supply chain agility, improve speed-to-market, and expand into new geographies and channels.
This is Li & Fung’s first acquisition in over a decade – and the first since its privatisation in 2020. It reflects the company’s strategic pivot toward platform-based growth, focused on scalable product categories, digital integration, and resilient supply chain solutions.
Together, Li & Fung and Orrsum hope to scale category excellence, drive innovation, and deliver enhanced value across an increasingly complex global trade landscape.
Orrsum's Orr explained: “Joining the Li & Fung family is a milestone for Orrsum. With access to their global platform and advanced technology, we can expand our footprint, enhance service levels, and unlock new growth opportunities for our customers and partners.”
Orrsum was founded in 1998 and delivers over 50m pairs of socks annually to more than 5,000 retail doors worldwide. It is known for its deep product expertise, agile development model, and strong customer partnerships.
Li & Fung specialises in responsibly managing supply chains of high-volume, time-sensitive goods for retailers and brands worldwide.
