Li Feng Group Buys British Garment Supplier May Trading UK
According to reports, the world's largest
clothing
And toy supplier Li & Fung Ltd. Lifeng Limited has acquired M.A.Y. Trading (UK) Limited and its sister company MA Hong Kong, which are bankrupt and liquidated, and the paction amount is unknown.
M.A.Y. Trading (UK) Limited was founded in 90s by Jason Marchant and Robert Au, and it is Primark, Next PLC (PLC), and so on.
clothing
And footwear suppliers.
M.A.Y. Trading (UK) Limited set up a factory in Dhaka, Bangladesh. After AMCS was stolen huge amounts of money by a shareholder and director, the company entered bankruptcy and liquidation in October 31st this year.
M.A.Y. Trading (UK) Limited will become one of the three companies of Li & Fung Europe, the European branch of Li Feng, and the other two companies are Just Jamie and Visage and
Tyne & Wear
。
M.A.Y. Trading (UK) Limited has already cut down a small number of employees before the paction.
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