Marking a shift towards platform-based growth, leading supply chain solutions partner, Li & Fung has acquired UK-based hosiery, innerwear and loungewear specialist, Orrsum. This marks Li & Fung's first acquisition in over a decade and since its privatization in 2020, signaling a strategic shift towards platform-based growth.

Established in 1998, Orrsum is recognized for its extensive product expertise, agile development, and robust customer relationships, delivering over 50 million pairs of socks annually to more than 5,000 retail locations worldwide.

This acquisition helps Orrsum scale high-demand categories, expand its customer offers and drive faster and more flexible execution by combining the company’s category leadership and product development capabilities with Li & Fung’s digital infrastructure and global reach, states Destan Bezmen, President of LF Europe.

William Orr, CEO. Orrsum, adds, with the access to Li & Fung’s global platform and advanced technology, the company can expand its footprint, enhance service levels, and unlock new growth opportunities for customers and partners.

Orrsum will continue to operate under the leadership of William Orr as a part of LF Europe, ensuring a seamless integration. The company plans to leverage Li & Fung’s AI-enabled digital infrastructure and vast sourcing network across 40 economies to enhance supply chain agility, accelerate speed-to-market, and expand into new geographical regions and sales channels.

The collaboration between Li & Fung and Orrsum aims to scale category excellence, drive innovation, and deliver enhanced value within the increasingly complex global trade landscape.