Thursday, February 18, 2010

The Hong Kong-based company Li & Fung announced a partnership with Wal-Mart Stores Inc.

The Hong Kong-based company Li & Fung announced a partnership with Wal-Mart Stores Inc. Among others, this company provides merchandise to Kohl's ( KSS - news -people ), Target ( TGT - news -people ), Marks and Spencer (MASPY.PK - news - people ) andTalbots ( TLB - news - people ). Moreover, last year took over Liz Claiborne Inc. ( LIZ - news - people)'s sourcing arm, and bought U.S.-based Wear Me Apparel's clothing and accessories operations, whose products are sold at retailers like Macy's. The Wal-Mart’s deal would let this company become a global sourcing giant. I recommend a close follow up.

Source: Forbes

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