Platinum Equity is weighing a potential sale of Hop Lun, the Hong Kong-based lingerie and swimwear manufacturer. The private equity firm has held the company since acquiring it in 2015 for $225 million from Hanesbrands.

Hop Lun operates as a key supplier for major Western apparel brands, producing intimate wear and seasonal swim collections. The company's Hong Kong headquarters oversees manufacturing across Asia. Platinum's review comes amid shifting consumer preferences and supply chain challenges affecting apparel sectors globally.

Industry experts suggest Platinum may test the market given current private equity activity in consumer goods. Potential buyers could include strategic apparel firms or other financial sponsors seeking Asia-based manufacturing platforms. Hop Lun's specialized production capabilities make it an attractive target for consolidators.