Apparel Sourcing Intelligence - Worldwide

Li & Fung to buy Zara supplier?

Li & Fung is in advanced talks to buy Synergies Worldwide, a sourcing agent whose operations include original designs for Inditex, Reuters reported on October 4.

Though New York based, Synergies’ clients appear to be predominantly European, including Inditex, Germany’s KiK, Promod and Cortefiel. It has client-serving offices in the US, Britain, France, Germany and Spain, and sourcing offices in China, Hong Kong, India, Pakistan and Bangladesh. Its Madrid office reportedly produces original designs for Inditex: it claims to work for the Zara and Bershka labels.

A Li & Fung spokesperson in Hong Kong said the company does not comment on market rumor, and Synergies did not respond to an email from Reuters seeking comment