• Li & Fung agreed to buy a 55% stake in New Advent Global for USD 250 million under an SPA signed May 31, 2026.
• Payment split into USD 130 million in 2026; USD 120 million deferred across 2027-2030.
• New Advent sells across furniture, knitwear, beauty; net sales about USD 1.7 billion in FY 2025.
• Deal reunites assets divested in 2018; stake bought from Fung Holdings; remaining 45% stays with the original investor consortium.
• Transaction aimed at expanding product capabilities, customer reach, supply-chain scale; expected benefits include shared vendor networks and broader digital deployment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Li & Fung Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: XPM02P5IRZRP2G8D) on June 01, 2026, and is solely responsible for the information contained therein.