Li & Fung has acquired Orrsum, a United Kingdom-based leader in hosiery, underwear, and loungewear.

Orrsum distributes over 50 million pairs of socks annually to more than 5,000 retail doors worldwide. The price of the acquisition wasn’t disclosed.

“This acquisition marks a significant step in accelerating our growth strategy,” said Destan Bezmen, president of LF Europe. “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.”

William Orr, chief executive officer of Orrsum, said, “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.”

With deep expertise in product licensing, Orrsum manufactures under such labels as Ellesse, Original Penguin, Green Treat, Nautica, Umbro, Hype and Kiku. The firm manufactures in the U.K., Italy, Portugal, Turkey and China. The company’s businesses are divided into Direct Supply, Retailer Own Labels, In-House Brands and Brand License.

Orrsum will operate as part of LF Europe and will continue to be led by Orr, ensuring business continuity and a seamless integration into Li & Fung’s global platform. The business 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 privatization in 2020. The move reflects the company’s strategic pivot toward platform-based growth, focused on scalable product categories, digital integration and resilient supply chain solutions.

“Looking ahead, our growth will be fueled by a combination of disciplined organic expansion and selective acquisitions that strengthen our platform and extend our category leadership,” said Joseph Phi, group CEO of Li & Fung. “This acquisition reflects our renewed momentum through expanded product specialization, leveraging our resilient, technology-enabled and customer-focused global supply chain.”

Li & Fung, the Hong Kong-based multinational group, is the world’s leading supply chain solutions partner. It specializes in responsibly managing supply chains of high-volume time-sensitive goods for leading retailers and brands worldwide.