Keds, the sneaker company owned by Collective Brands, has a new licensing deal with Li & Fung for a new branded apparel collection. LF USA, the American subsidiary of Li & Fung, will work with Keds on the line, which will include casual wear for men and women, to be sold in boutiques and department stores in the U.S. At first, a limited edition collection will come out for spring 2012, with a full rollout thereafter.