Billionaire brothers Victor and William Fung, who run Hong Kong-based supply chain manager Li & Fung, may divest of their investment in Belgian leathergoods company Delvaux, Bloomberg has reported. 

Advisers have already reached out to prospective suitors, the news outlet said. 

Since the Fungs first acquired their stake together with Singaporean state investment company Temasek Holdings in 2011, the two parties have reportedly enjoyed majority control of the brand, which has intensified its expansion into mainland China in recent years. 

While the sale could value Delvaux at around $500 million to $600 million, according to Bloomberg’s report, the Fungs may yet change their mind. 

Image: Delvaux. 

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