In a strategic move to enhance its product development capabilities and strengthen its presence in high-demand categories, global supply chain leader Li & Fung has announced the acquisition of Orrsum, a prominent UK-based company specialising in hosiery, underwear, and loungewear.
Founded in 1998, Orrsum is recognized for its deep product expertise, agile development approach, and long-standing customer relationships. The company delivers over 50 million pairs of socks annually to more than 5,000 retail outlets worldwide, making it a trusted partner for global retailers.
“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, CEO of Orrsum, called the acquisition a major milestone in the company’s journey. “Joining the Li & Fung family gives us access to a world-class platform and advanced technology that will allow us to expand our global footprint, enhance service levels, and unlock new growth opportunities for our customers and partners.”
As part of the agreement, Orrsum will operate under LF Europe and continue to be led by William Orr, ensuring seamless integration and business continuity. The company will also leverage Li & Fung’s AI-enabled digital infrastructure and sourcing network spanning 40 economies, enhancing supply chain agility, speed-to-market, and access to new markets and sales channels.
This acquisition is Li & Fung’s first in over a decade and the first since the company was privatized in 2020. It signals a strategic pivot toward platform-based growth, focusing 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.”
The Li & Fung–Orrsum partnership is poised to scale category excellence, foster innovation, and deliver increased value to clients navigating the complexities of today’s global trade environment.
