HONG KONG: Li & Fung cuts costs as downturn hits home
By just-style.com | 10 November 2008
Supply chain giant Li & Fung is to implement a hiring freeze, clamp down on expenses and possible redundancies, blaming the impact of worsening economic conditions.
just-style articles are only available to registered users and members.
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
EXCLUSIVE INTERVIEW: Dr William Fung, Li & Fung
Export woes in China are being curtailed by domestic spending in a growing retail sector, the boss of sourcing giant Li & Fung told just-style today (6 May).
US: Liz Claiborne and Li & Fung complete sourcing pact
As of today (31 March), Hong Kong-based global consumer goods exporter Li & Fung is the main global apparel and accessories sourcing agent for all brands in the Liz Claiborne Inc portfolio.
HONG KONG: Li & Fung bullish despite 21% profit decline
Product sourcing giant Li & Fung is still targeting further acquisitions and outsourcing deals despite posting a 21% slide in full-year profit.
