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Li & Fung and Nanyang Textile Group signed an agreement to form a joint venture, Liyang Knitting Holdings, with Li & Fung holding 62% and Nanyang Textile 38%, to serve apparel brands and retailers globally.
PVH Corp. and Li & Fung Limited have entered into agreements for a new strategic supply chain relationship, transforming their existing non-exclusive buying agency agreement. The transaction is expected to close on July 1, 2017.