HONG KONG: Li & Fung core H1 profit drops 22%
By Richard Woodard | 9 August 2012
Core operating profits at consumer goods giant Li & Fung fell 22% despite a slight rise in turnover, as the Hong Kong-based company was hit by continued economic fragility in its main markets.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you're already a member, login here.
More articles related to this one
CHINA: Apparel retailers turn to lower-tier cities
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?
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
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.