Li & Fung sold Forward Apparel to Ant Capital Partners.

Li & Fung, a Hong Kong based supply chain manager primarily for US and EU brands, department stores, hypermarkets, specialty stores, catalogue-led companies, and e-commerce sites, sold Forward Apparel, a Japan-based wholesale distribution of men's and boys' apparel and furnishing, sportswear, hosiery, underwear, nightwear, and work clothing, to Ant Capital Partners, a private equity firm. Financial terms were not disclosed.