Supply chain innovator Li & Fung has made its first acquisition in over a decade, acquiring Orrsum, a Nottingham-based hosiery, underwear, and loungewear business.
Founded in 1998, Orrsum delivers over 50 million pairs of socks annually to more than 5,000 retail doors worldwide.
“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.”
“Joining the Li & Fung family is a milestone for Orrsum,” said William Orr, CEO of 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.”
Orrsum will operate as part of LF Europe and continue to be led by William Orr. 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.
