New York– LF USA, a subsidiary of Hong Kong-based multinational Li & Fung Limited, a global consumer goods exporter with 80 offices worldwide, announced two major deals today: the acquisition of Cipriani Accessories Inc. and affiliate The Max Leather Group; and the creation of MESH (Music Entertainment Sports Holdings) lifestyle branding venture with Star Branding, of which Tommy Hilfiger is a partner.
Cipriani Accessories, a leading designer, distributor and importer of belts, small leathergoods and cold weather accessories in the U.S., Mexico and Canada, has licensed brands Calvin Klein, Michael Kors, Lacoste, Sean John, Nine West, plus a significant private label business. It now joins LF USA’s Fashion Accessories Group, which includes Kathy Van Zeeland, B. Makowsky, Rosetti, and others.
Cipriani Accessories’ Co-Presidents Evan Mittman and Jarrod Kahn and the senior management team will continue to manage day-to-day operations. “As the leading wholesaler of accessories in the U.S., the acquisition of Cipriani Accessories strengthens both our market position and capabilities in the fashion accessories business,” says Rick Darling, President of LF USA.
Venturing into Music, Entertainment Branding
LF USA’s new venture MESH (Music Entertainment Sports Holdings) brings the company to a whole new level with its potential for new brands and licenses. Its partner company, Star Branding, is owned by Tommy and Andy Hilfiger, Bernt Ullman and Joe Lamastra and has expertise in fashion and licensing opportunities inspired by music, entertainment and sports celebrities.
MESH’s first project is a rock-inspired denim brand of women’s, men’s and children’s apparel to be distributed through department stores.
“By building on the iconic cultural forces of music, entertainment and sports, we will create new concepts that will appeal to all levels of consumers,” says Darling. “We will be highly strategic in pursuing these opportunities—partnering with high-profile celebrities, targeting the right distribution channels, and tapping into the vision and energy of the Star Branding team.”
Tommy Hilfiger commented on the partnership. “Music has always been at the core of my DNA. MESH will infuse iconic rock style into entertainment-related…products through artist licenses and partnerships; as well as develop a portfolio of proprietary music and fashion brands.”
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