In 2008, the company acquired Bruce Makowsky's fashion business including its flagship brands Kathy Van Zeeland Handbags, B. Makowsky and Tignanello for $330 million. Peter Black, a Yorkshire-based shoe manufacturer which supplied Marks & Spencer, was bought for £48.1m. Slivereed, an apparel/textiles company and Wilson & Wong Trading for an undisclosed amount. In the same year Miles Fashion Group, a leading German supplier was acquired for US$51 million. Singapore's Temasek Holdings bought 4.62% of Li & Fung for HK$3.88 billion, funds of which were used for further acquisitions.