In 1995, Li & Fung acquired Inchcape Buying Services (also known as Dodwell). Following the acquisition Li & Fung almost doubled in size and further expanded its customer base in Europe to complement its existing strength in the USA.

In parallel, Li & Fung continued to expand on the sourcing side - traditional strengths in the Far East are complemented by a growing presence in the Indian sub-continent as well as the Caribbean and Mediterranean basins - which are gaining importance as quick response production bases for North American and European markets respectively.

At the end of 1999, Li & Fung further broadened its customer base in the US and Europe through the acquisitions of Swire & Maclaine Limited and Camberley Enterprises Limited. Li & Fung has further strengthened its leading position through the acquisition of Colby Group Holdings Limited in 2000, and Janco Overseas Limited in 2002, both bringing new customer segments and talent to the Group.

In 1999, Li & Fung also diversified into the distribution business through the formation of a privately held business, the IDS Group. The IDS Group acquired the Marketing Services businesses of Inchcape in Asia Pacific region and provides a menu of Integrated-Distribution Services in three core businesses across Asia: Manufacturing, Logistics and Marketing and was subsequently listed as a public company.

Over 90 years and three generations Li & Fung has evolved into a truly multinational group engaged in export trading, retailing and distribution.