Article: OXFORD CLOSE TO SHEDDING APPAREL GROUP ; ATLANTA-BASED MANUFACTURER EXPECTED TO SELL MOSTLY-PRIVATE-LABEL DIVISION TO LI & FUNG.

Byline: Brenda Lloyd

ATLANTA - As Oxford Industries transitions to lifestyle brands and away from private label, market professionals have indicated the company, which owns Tommy Bahama and Ben Sherman, may soon sell another piece of its business to Li & Fung.

Oxford sold its Womenswear Group, comprised mostly of private label businesses distributed to the mass market, to the Hong Kong-based sourcing company in June 2006. Now, the word is that Oxford is considering selling its Oxford Apparel Group, which represents 30 percent of sales, to Li & Fung. As one Wall Street banker said, "It's a natural extension." Oxford had no comment, and DNR was unable to reach Li & Fung ...

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