Li & Fung USA Expands Cannon Team; Former Calvin Klein Home Executive to Oversee Design Direction

Business Wire, Jan 17, 2005

NEW YORK -- Li & Fung USA, a subsidiary of Hong Kong-based global sourcing group Li & Fung Ltd., announced today that it has appointed former Calvin Klein Home executive, Tony Vieira, as Design Director for the Li & Fung Cannon and Cannon Royal Family global licenses. Mr. Vieira will report to Jack Toolan, who was recently selected to lead the team that will manage the Li & Fung Cannon global licenses.

Mr. Vieira has more than 18 years of home furnishings design experience. Most recently he held the position of Director of Product Development for Calvin Klein Home where he managed a team that was responsible for design development, sourcing, manufacturing and vendor management for all bed and bath products. He also held various design positions at Crown Crafts Home Furnishings and Westpoint Stevens.

"Tony is a great and proven talent. His appointment confirms our commitment to strengthening the Cannon and Cannon Royal Family Brands," stated Rick Darling, President of Li & Fung USA. "With Tony's help, we will maintain Cannon and Cannon Royal Family as the world's number one home textile brands."

About Li & Fung Limited

Li & Fung Limited is one of today's premier global consumer products export trading companies managing the supply chain for high-volume, time-sensitive consumer goods including garments, fashion accessories, toys, sporting goods, promotional merchandise, handicrafts, shoes, travel goods and household items. These goods are sourced through a network of offices in close to 40 countries for customers in the US, Europe, Asia and the Southern Hemisphere. For more information, please visit Li & Fung's corporate Web site at www.lifung.com.