• LI & FUNG ON KB TOYS: Hong Kong-based sourcing giant Li & Fung Ltd. said Monday that it “suffers” an exposure of about $5 million to KB Toys, which recently filed for Chapter 11 bankruptcy protection. “As one of the largest creditors of KB Toys, Li & Fung will seek proper recourse from the bankruptcy courts and has approached most of the affected factories to meet with the group to discuss how it can help them to deal with the bankruptcy proceedings in the U.S.,” Henry Chan, Li & Fung’s executive director, said. “In addition, Li & Fung, with its long and harmonious history of working with a large community of suppliers worldwide, is committed to rendering appropriate assistance to all KB Toys suppliers, especially the SME factories, which may need help in specific instances.” Li & Fung was acting as buying agent for KB Toys, managing the production of its orders.

Robert Graham has finalized a deal with Paramount Apparel International, which will make accessories for the brand under license. The Bourbon, Mo.-based manufacturer will produce men’s and women’s headwear, scarves and gloves under the Robert Graham name starting for spring 2010. The accessories will be distributed in the U.S., Canada and Europe. Best known for its lively printed sport shirts, Robert Graham has licenses for dress shirts, belts and small leather goods, neckwear and cuff links.

• PINT SIZED: The Manhattan Beach, Calif.-based Skechers brand has signed a licensing agreement with New York’s Adjmi Apparel Group to produce a line of Skechers branded children’s apparel. The line, which is planned for a fall launch, will consist of casual clothing for boys sizes 12 months to seven years, and girls 12 months through 16. Under terms of the agreement, Adjmi will design, distribute and market the line, targeted to department and specialty retailers that already carry the Skechers line of children’s footwear.

To unlock this article, subscribe to WWD below.

load comments
blog comments powered by Disqus