Li & Fung Limited - apparel and textile industry company news 
Comment: The crooks and conmen among us
7 May 2013
Today, many if not most importers and retailers are making an honest effort to make Bangladesh a better place to work for customers, suppliers and workers alike. But recent events such as the collapse the Rana Plaza factory building have brought out some important truths, believes David Birnbaum.
BANGLADESH: Buyers call for action on factory safety
30 April 2013
Representatives from more than 40 apparel brands and retailers have called for a credible action plan to address workplace safety in the Bangladesh clothing sector as the death toll from last week's Rana Plaza building collapse climbs to 386.
BANGLADESH: European retailers agree Tazreen fire compensation
16 April 2013
European retailers C&A, Kik and El Corte Ingles will contribute to a compensation plan for the victims of the Tazreen Fashions fire in Bangladesh in November last year.
Apparel software trends: Supply chain challenges
2 April 2013
Social and environmental compliance are the main issues facing today's apparel supply chains, according to industry experts consulted by just-style. The continued shift towards faster and faster fashion cycles, along with pressure on retailers to adapt to an omni-channel experience, are also throwing up challenges when it comes to flexibility in global sourcing.
HONG KONG: Restructuring costs weigh on Li & Fung FY profit
21 March 2013
Global sourcing giant Li & Fung Ltd has seen its full-year profit slump despite a slight rise in turnover, blaming ongoing restructuring costs and weakness in its distribution business.
US: Men's Wearhouse names Kimmins CFO
6 March 2013
Men's Wearhouse has today (6 March) appointed Jon Kimmins as executive vice president, chief financial officer and treasurer.
just-style's most read stories this week...
15 February 2013
The most read stories on just-style this week include Puma launching its first closed-loop apparel and accessories collection, the global federation representing garment workers pledging its commitment to drive change in Bangladesh, and Fifth & Pacific ending its distribution agreement with Li & Fung.
US: Fifth & Pacific ends distribution deal with Li & Fung
11 February 2013
Apparel firm Fifth & Pacific has moved its distribution operations to a company-owned facility in Ohio after its agreement with global sourcing giant Li & Fung expired last month.
CHINA: Apparel retailers turn to lower-tier cities
15 January 2013
International apparel retailers are looking to strengthen their presence in lower-tier cities in China amid increasing competition, a report by the Li & Fung Research Centre has found.
The Flanarant: How's sourcing going to be in 2013?
14 January 2013
Sourcing is influenced by a lot more than wages and fabric prices. Infrastructure, social tension, energy costs, currency rates, power availability and a buyer’s ability to control the uncontrollable all make sourcing as unpredictable as ever in 2013, says Mike Flanagan.
US: Invista joins Sustainable Apparel Coalition
14 January 2013
Fibre producer Invista has joined the Sustainable Apparel Coalition (SAC), which works to reduce the environmental and social impacts of apparel and footwear production around the world.
HONG KONG: Li & Fung warns of 40% slump in FY profit
11 January 2013
Global sourcing giant Li & Fung Ltd today (11 January) warned of a 40% fall in full-year core operating profit - and named a new president to lead its US unit where sales and margins have weakened.
US: Retailer Ann Inc bolsters supply chain sustainability
10 January 2013
US women's wear retailer Ann Inc has shored up its eco-credentials by joining the Sustainable Apparel Coalition (SAC) and rolling out its supply chain environmental programme with global vendors.
UPDATE: SOUTH KOREA: Fung Retailing acquires children's wear operator
4 January 2013
South Korean baby and children's wear retailer Suhyang Networks has been acquired by privately held Fung Retailing.
UK: Activists call for compensation for Bangladesh fire victims
19 December 2012
Activists are to stage candlelight vigils at Edinburgh Woollen Mill stores across the UK this week, urging the retailer to pay compensation to the victims and families of those killed and injured in the recent factory fire in Bangladesh.
US: Lawmakers urge action following Bangladesh fire
13 December 2012
A group of US lawmakers is calling on President Barack Obama to take action in the wake of the recent fire in Bangladesh to ensure that clothing imported into the US - particularly products for the military - is made in factories that protect their workforce.
BANGLADESH: Wal-Mart admits goods made at fire factory
27 November 2012
The garment factory in Bangladesh where a fire at the weekend killed at least 111 people and injured another 100 had been making clothing for Wal-Mart without its knowledge, the world's largest retailer confirmed today (27 November).
Viewpoint: Bangladesh factory fire highlights need for change
26 November 2012
It is almost two years to the day since 29 people perished in a fire at a garment factory in Bangladesh - and it would appear that little has been done in the intervening period to tackle the industry's safety issues.
BANGLADESH: Factory fire kills 110 garment workers
26 November 2012
Bangladesh is to hold a national day of mourning tomorrow (27 November) after at least 111 people were killed and another 100 injured in a garment factory fire on Saturday.
SLDF 2012: SAC eco-index to help reduce supplier audits
16 November 2012
Suppliers may need to undergo only one audit a year on their sustainability and environmental credentials if an eco-index initiative by the Sustainable Apparel Coalition (SAC) takes off.
HONG KONG: Li & Fung coy on Suhyang Networks talks
16 November 2012
Global sourcing giant Li & Fung has remained coy on speculation it is in talks to acquire South Korean children's apparel manufacturer Suhyang Networks.
BANGLADESH: Buyers assess apparel sourcing opportunities
12 November 2012
A group of buyers representing some 20 global brands and retailers is this week visiting Bangladesh as part of a wider regional tour to explore sourcing alternatives to China.
TURKEY: Labour groups target Esprit and Li & Fung
7 November 2012
Fashion retailer Esprit and its sourcing agent Li & Fung have been targeted by protesters in Hong Kong, Turkey and Thailand in a series of demonstrations accusing them of failing to pay wages and severance pay to workers at a factory in Istanbul.
HONG KONG: Li & Fung $500m bond issue to fund acquisitions
2 November 2012
Global sourcing giant Li & Fung is to issue US dollar bonds to raise funds for “strategic acquisitions and business development”, the company said.
Top stories on just-style this week...
12 October 2012
Top stories on just-style this week include reports Li & Fung is in advanced talks to buy Synergies Worldwide, a look at the latest list of goods produced in countries that are suspected of using child or forced labour and news that Aaron Beng-Keong Boey has resigned as president of Levi Strauss & Co's Denizen brand.
HONG KONG: Li & Fung names Lam CFO
10 October 2012
Sourcing giant Li & Fung has appointed former Citigroup investment banker Ed Lam as its chief financial officer to develop the group's growth and acquisition strategy.
HONG KONG: Li & Fung to acquire Synergies Worldwide?
8 October 2012
Apparel and consumer goods supplier Li & Fung is in advanced talks to acquire apparel sourcing agent Synergies Worldwide, according to reports.
HONG KONG: Li & Fung inks new sourcing deal with Wal-Mart
20 September 2012
A sourcing deal inked more than two years ago between Li & Fung and Wal-Mart Stores has been replaced by a new agreement that allows the global supply chain manager to offer a range of new services to the retail giant.
Top stories on just-style this week...
7 September 2012
Top stories on just-style this week include the Olympic Games failing to boost August retail sales in the UK, a look at just-style's latest management briefing on RFID technology and H&M calls for higher wages for garment workers in Bangladesh.
Speaking with style: Harry van Dalfsen, president, IAF
6 September 2012
The theme of change resonates loudly with Harry van Dalfsen, who took on the role of president of the International Apparel Federation (IAF) two years ago at the height of the global economic crisis. Not surprisingly, ‘Fashion business in a changing environment’ is also the focus of the upcoming IAF World Apparel Convention, which takes place later this month.
