Li & Fung has acknowledged the rumor that has been echoing through the furniture market is true, that the company has acquired Whalen Furniture Manufacturing. The company declined to offer additional information on the transaction.
“We will elaborate more” about the Whalen acquisition, said Li & Fung spokeswoman Katherine Wang, “during our interim results announcement in mid-August.”
A Bloomberg Businessweek snapshot listing for Whalen Furniture Manufacturing stated that, as of May 31, Whalen had been operating as a Li & Fung subsidiary.
Whalen did not return HomeWorld Business queries about its relationship with Li & Fung.