As
you may have already noticed, British heritage is big news at the moment.
Everyone’s trying to get a little piece of Britain, no one however as much as
Li & Fung it would seem.
When we think of conglomerates we obviously jump
straight to the likes of LVMH, however Li & Fung are causing a stir in the
industry and are looking to become big news. China is constantly emerging, Li
and Fung is a trading empire founded in Hong Kong. William Fung along with his
brother Victor Fung are slowly but surely buying up the whole of Savile Row.
The family already controls Gieves & Hawkes, Hardy
Amies and Kent & Curwen and now they have recently purchased Savile row tailor
Kilgour, who has dresses a-listers from Daniel Craig to Jude Law. Fung
Capital, a venture capital arm of Li & Fung, is said to acquire a third
brand from Savile Row within the next six months to form part of its new
portfolio called Savile Row Brands. It seems the Far East
are really looking in to investing in British Heritage and I feel this may just
be the beginning of an Asian take over.
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