Li & Fung completed the acquisition of Orrsum.

Li & Fung, a Hong Kong-based global supply chain manager connecting manufacturers with retailers and brands, completed the acquisition of Orrsum, a supplier within the hosiery, underwear and loungewear markets. Financial terms were not disclosed. “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,” William Orr, Orrsum CEO.