Lin & Fung Acquires Wear Me Apparel

Hong Kong listed consumer goods sourcing group Li & Fung is acquiring Wear Me Apparel in the U.S. for approximately USD 400 million. Wear Me designs and sells clothes for primarily children and young men under its Kids Headquarters label as well as under the Calvin Klein, Timberland and Rocaware brands, with annual revenues of about USD 700 million. Li & Fung says that it will continue to look for other potential acquisitions.