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Li & Fung Plans IPO For Trinity

Executives will announce details of the offer for the menswear retailer on Tuesday.

Hong Kong-based sourcing giant Li & Fung Group is planning to take its luxury menswear retailer Trinity public.

This story first appeared in the October 19, 2009 issue of WWD.  Subscribe Today.

Over the weekend, Trinity sent out an invitation to a press conference on Tuesday at which executives will outline the details of its upcoming ipo.

Back in August, Li & Fung managing director William Fung declined to comment on speculation that Trinity was preparing to list on the Hong Kong stock exchange. One local newspaper had reported that Trinity was aiming  to raise at least $200 million through an offer by the end of this year.

Trinity said it manages six international menswear brands Kent & Curwen, Cerruti 1881, Gieves & Hawkes, D’urban, Intermezzo and Altea in China. Trinity owns the Kent & Curwen and operates the other five brands through long-term renewable licenses with their respective owners.

Trinity also has joint ventures with Salvatore Ferragamo in South Korea and various countries in Southeast Asia. Trinity operates over 300 retail stores in Greater China, including more than 30 retail stores operated through joint ventures in South Korea, Malaysia, Singapore and Thailand.

William Fung confimred in August that Jean-Marc Loubier has joined Trinity as a director. Loubier is the ex-chief executive officer of Escada and formerly held management positions at LVMH Moët Hennessy Louis Vuitton.