Global Brands bought PS Brands

Global Brands, formerly part of Li + Fung, bought Planet Socks.

The purchase price is up to US$140 million, depending on earn outs.

Planet Socks is a licensee of brands like Disney, Nickelodeon, Hasbro, Kate Spade, Esprit, Fila, Head, DG, Quiksilver, TapouT and Schwinn for hosiery products.