Li & Fung Limited

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Li & Fung sells Logistics stake as spin-off postponed Beth Wright | 1 Jul 19

Sourcing giant Li & Fung has sold a 21.7% stake in its logistics business for US$300m to Singapore-headquartered investment company Temasek, as plans for a proposed spin-off IPO of the segment are postponed until further notice.


Sears inks sourcing pact with Li & Fung and Triburg Beth Wright | 28 Jun 19

The new parent company of US department store retailers Sears and Kmart has agreed new strategic supply chain partnerships with Li & Fung and Triburg in a bid to reduce lead times and improve efficiencies in bringing product to market.


Store closures and bankruptcies weigh on Li & Fung FY Beth Wright | 21 Mar 19

Sourcing giant Li & Fung says a rapidly changing retail landscape that saw record levels of store closures and customer bankruptcies took a toll on its last financial year, with core operating profit down by 20%.


Debenhams in new sourcing partnership with Li & Fung Beth Wright | 12 Feb 19

Debenhams is to develop a new strategic sourcing partnership with global sourcing giant Li & Fung in a move CEO Sergio Bucher says will be a "key part" of the struggling department store retailer's turnaround plan.


Sourcing giant Li & Fung names new group president Beth Wright | 29 Jan 19

Executive promotions at global sourcing giant Li & Fung have seen Joseph Phi named as the company's group president, responsible for leading its supply chain solutions operating groups, replacing Marc Compagnon who has moved to the Fung Group as senior advisor.


Li & Fung speeds digital strategy with new hire Beth Wright | 22 Jan 19

Li & Fung has taken another step to building "the supply chain of the future" after hiring Darren Palfrey to the new role of chief digital officer (CDO).


Top stories on just-style in November... Beth Wright | 3 Dec 18

Top stories on just-style in November include an interview with Pamela Mar, director of sustainability at the Fung Group and EVP of Supply Chain Futures for the Fung Academy, how the US-China trade war could accelerate sourcing from Africa, and reports of poor working conditions, low wages, modern slavery and human trafficking in the UK garment industry. Meanwhile, the United Nations (UN) is preparing to launch the 'UN Alliance on Sustainable Fashion' next year.


Top stories this week on just-style... Beth Wright | 16 Nov 18

Top stories on just-style this week include a look at how the ongoing 'trade war' between the US and China could increase the number of American apparel brands shifting their sourcing away from Chinese suppliers, an interview with Pamela Mar, director of sustainability at the Fung Group, and Vietnam becoming the seventh country to ratify CPTPP – or TPP-11.


Digitisation is key to upgrading Asia's fashion factories. Just do it responsibly, says Fung Group's director of sustainability Leonie Barrie | 14 Nov 18

Digital technologies, robotics and artificial intelligence are starting to bring more speed, efficiency and transparency to apparel supply chains – but less well documented is their potential impact on job losses and social unrest, especially in Asia. It’s a balancing act that Pamela Mar weighs up in her roles as director of sustainability at the Fung Group and EVP of Supply Chain Futures for the Fung Academy, as she tells just-style.


Li & Fung’s ‘shot at the moon’ approach to digitalisation Michelle Russell | 25 May 18

Digitalisation offers a solution to some of the challenges facing the global apparel industry – but as Spencer Fung, group CEO of Li & Fung explains, the goalposts are constantly evolving.


Top stories this week on just-style... Beth Wright | 11 May 18

Top stories this week on just-style include a look at Li & Fung's plans to create its first fully-digital T-shirt supply chain, the seven key trends changing the face of online retail, apparel imports into the US, and Levi Strauss continuing to fund supply chain innovations.


Top stories this week on just-style... Beth Wright | 6 Apr 18

Top stories this week on just-style include relief at the decision by the Trump administration to exclude apparel and footwear from proposed new tariffs on products imported from China, plans by the US to suspend the duty-free treatment for all AGOA-eligible apparel products from Rwanda, and MAS Holdings setting new goals to help drive sustainable manufacturing in Sri Lanka.


Li & Fung completes sweater sale as part of US$1.1bn deal Beth Wright | 3 Apr 18

Global sourcing specialist Li & Fung has completed the divestment of three of its vertical product businesses in a US$1.1bn deal that will allow the business to focus on its core competencies.


PSF 2018 – How Li & Fung is ramping up in the race for speed Leonie Barrie | 27 Mar 18

Li & Fung group president Marc Compagnon has shed more light on the sourcing giant's progress to reorientate its business model to "significantly change the way we think about things and the way we're going to market with new opportunities."


Fashion giants spell out CEO sustainability agenda Michelle Russell | 27 Mar 18

Kering, Hennes & Mauritz (H&M) and Li & Fung are amongst a group of industry heavyweights backing new guidance to help fashion CEOs decide where to focus their sustainability efforts in 2018.


Li & Fung reveals strong start to three-year plan Michelle Russell | 22 Mar 18

Improved efficiency and productivity led Li & Fung to a 21.8% increase in operating profit in the services segment of its core supply chain solutions business in 2017 as it revealed a strong start to its current three-year plan.


Li & Fung looks to build supplier relationships with Lavion appointment Michelle Russell | 20 Feb 18

Global sourcing specialist Li & Fung has appointed Valerie Lavion as head of its childrenswear platform and department stores in North America in a move aimed at building stronger relationships with its suppliers and accelerating efforts to drive speed and innovation.


Li & Fung sells sweater business as part of US$1.1bn deal Beth Wright | 15 Dec 17

Global sourcing specialist Li & Fung is to divest three of its vertical product businesses in a US$1.1bn deal that will allow the business to focus on its core competencies.


Why speed is the new currency for Li & Fung Leonie Barrie | 12 Dec 17

Changing mindsets and challenging the status quo are key to building fast and smart supply chains, according to Paul Fowler, chief information officer at Hong Kong-based global sourcing specialist Li & Fung.


New Li & Fung supply chain model gaining traction Michelle Russell | 24 Aug 17

Hong Kong-based global sourcing specialist Li & Fung has reported a positive first-half as the company's new supply chain model, launched earlier this year under it latest three-year plan, starts to gain traction.


US apparel retail shifts reveal misconceptions Michelle Russell | 3 Apr 17

The death of the department store, the exaggerated rise of Amazon as an apparel retailer power, and the threat of European fast-fashion specialists to US retail are among a number of misconceptions currently bedevilling the retail  industry, a new report explains.


Li & Fung looks to speed, innovation and digitalisation Leonie Barrie | 29 Mar 17

Global sourcing specialist Li & Fung has blamed a tough retail environment for almost halving its full year profit, and says it is reorganising its businesses into two major divisions as it refocuses on speed, innovation and digitalisation for its next three-year plan.


Li & Fung to create "supply chain of the future" for PVH Leonie Barrie | 24 Mar 17

Hong Kong-based global sourcing specialist Li & Fung has inked a new deal to create the "supply chain of the future" for PVH Corp, owner of the Tommy Hilfiger and Calvin Klein brands.


Adidas and Burberry awarded 'gold' for sustainability work Michelle Russell | 20 Feb 17

German sportswear giant Adidas and UK fashion brand Burberry have both been recognised as leaders for their sustainability practices, with Hugo Boss, Kering and Gildan Activewear also receiving recognition.


Li & Fung dropped from Hang Seng Index Michelle Russell | 14 Feb 17

Li & Fung is to be dropped from Hong Kong's Hang Seng Index from next month as the sourcing giant battles falling earnings and sales.


Li & Fung eyes supply chain speed in 3-year plan Michelle Russell | 25 Aug 16

Speed, innovation and digitalisation of the supply chain are at the heart of a new strategy to be set out by global sourcing giant Li & Fung, which this-morning (25 August) revealed lower sales and earnings in its first-half. 


Li & Fung joins FTA in sustainable sourcing pledge Beth Wright | 22 Aug 16

As part of its commitment to responsible sourcing, global sourcing giant Li & Fung has joined the Foreign Trade Association (FTA), becoming a participant of its Business Social Compliance Initiative (BSCI), which aims to help improve working conditions in factories globally.


Li & Fung divests Asia distribution business Michelle Russell | 3 May 16

Global sourcing giant Li & Fung Limited has sold its Asia consumer and healthcare distribution business in a deal that will allow it to tighten its focus on its core trading and logistics operations.


Li & Fung sees challenging year ahead as FY profit falls Katie Smith | 17 Mar 16

Sourcing giant Li & Fung has warned of tough times still to come, after seeing its net profit fall in what it described as a "challenging" year.


Outlook 2016 – What else is on the apparel industry radar? Leonie Barrie | 8 Jan 16

We asked industry executives what keeps them awake at night? And when it comes to other issues the apparel sector should be keeping a close eye on in the year ahead, compliance and factory safety, geo-political risk, trade legislation and more agile supply chains are all cited as likely to have a bearing on whether or not 2016 turns out to be better than 2015.

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