By and  on August 13, 2008

LF USA has purchased handbag firm Van Zeeland Inc. for $330 million.

LF USA is a subsidiary of Hong Kong-based Li & Fung Ltd. Van Zeeland, whose brands include Kathy Van Zeeland, B. Makowsky and Tignanello, was founded by the husband and wife team of Kathy Van Zeeland and Bruce Makowsky. Prior to Van Zeeland, the two spearheaded the growth of the handbag line at Nine West.

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