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Li & Fung Acquires Beyonce's Company

LF USA, a division of Li & Fung, has acquired the apparel and accessories company, Beyond Productions Ltd., which is headed by Beyonce and Tina Knowles.The goal is to expand the brands globally, according to an interview with Rick Darling, president o

The goal is to expand the brands globally, according to an interview with Rick Darling, president of LF USA, Bruce Rockowitz, president of Li & Fung Trading, Beyonce and Knowles in WWD.

It will be operated as part of LF USA’s fashion brands group. Last month, Li & Fung acquired Oxford Apparel Group.

License! Global featured an exclusive cover story with LF USA’s Darling in July 2008 examining the company’s brand licensing and acquisition strategy, which certainly has expanded significantly over the past two years. Link to the story: http://www.nx

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