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Distributed: June 20, 2011

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Sydney, June 20, 2011 (Global Fashion Wire) - Two of the world's global leaders in consumer goods, Skechers USA, Inc. (NYSE:SKX) and LF USA which is a part of Li & Fung Ltd (HKG:0494) (PINK:LFUGY) have announced that they have signed a multiyear licencing agreement to produce a Skechers Fitness Apparel and accessories collection for men and women. The range will include a few of the brands iconic pieces such as Shape-ups, Tone-ups as well as Skechers Resistance-branded active wear, outer wear and performance related accessories.

Drawing on the success of Skechers Fitness Footwear, the Skechers Fitness Apparel Collection will be designed, produced, distributed and marketed by LF USA's Regatta division. President of LF USA Rick Darling states "Skechers fitness is an innovative, athletic lifestyle brand with strong consumer appeal. With its unique performance features, Skechers fitness is changing the athletic footwear landscape and the way people incorporate fitness into their daily lives". This means there is a strong opportunity for the brand to build on its foundations.

The collection will be launched in 2012 in independent retailers, sporting goods and department stores across the United States.

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