Li & Fung Limited

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Li & Fung appoints Rana to integrate supply chain solutions Michelle Russell | 3 Sep 20

Hong Kong sourcing giant Li & Fung has appointed long-term company executive Deepika Rana as chief customer officer to integrate the company’s supply chain solutions.


Fung-owned Cobalt Knitwear pushes hard on 3D virtual design Michelle Russell | 31 Jul 20

The Covid-19 pandemic has changed the way Fung Group-owned Cobalt Knitwear is looking to the future, with customers now pushing harder on 3D virtual design and investment in antimicrobials seen as key to adding value to its yarns.


Li & Fung secures US$100m investment from JD.com Leonie Barrie | 31 Jul 20

Hong Kong based sourcing giant Li & Fung has secured a US$100m investment from Chinese e-commerce leader JD.com to speed the development of its digital supply chain as well as new private label initiatives for the Chinese domestic market. 


Fashion industry efforts to address global PPE shortages – Update just-style | 27 Jul 20

Texollini, Chargeurs*PCC Fashion Technologies, and Crystal International are among the latest fashion firms to mobilise their production facilities and supply chains to help address the global shortage of personal protective equipment (PPE), including face masks and hospital gowns, amid the coronavirus (Covid-19) pandemic. 


Li & Fung restructuring with job cuts Leonie Barrie | 8 Jun 20

Less than two weeks after taking its business private, Hong Kong based sourcing giant Li & Fung is restructuring in a move that will potentially see the loss of more than 1,500 jobs.


Li & Fung completes privatisation move Beth Wright | 27 May 20

Global sourcing and logistics giant Li & Fung will delist from the Hong Kong Stock Exchange (HKEX )today (27 May) in a move that marks the successful completion of its privatisation process. 


Li & Fung privatisation deal gets green light Michelle Russell | 13 May 20

Global sourcing and logistics giant Li & Fung has been given the green light by shareholders to take the company private.


Founding family bids US$930m to privatise Li & Fung Beth Wright | 20 Mar 20

Global sourcing and logistics giant Li & Fung has received an offer worth US$930.7m to take the company private by a group controlled by the founding Fung family.


Li & Fung uses digital consumer testing for better decisions Michelle Russell | 17 Dec 19

Sourcing giant Li & Fung is using digital consumer testing early in the product development phase so that brands can select, price and buy designs with greater confidence.


Li & Fung strengthens capital structure for future growth Michelle Russell | 8 Oct 19

Sourcing giant Li & Fung Limited has completed a simultaneous bond tender offer and new bond offering in a move aimed at solidifying its capital structure, allowing it to accelerate its transformation.


Li & Fung swings to H1 profit but turnover falls Beth Wright | 22 Aug 19

Sourcing giant Li & Fung moved to a profit in the first half of fiscal 2019 although customer bankruptcies continued to weigh on turnover.


Li & Fung completes US$300m sale of LF Logistics stake Beth Wright | 20 Aug 19

Sourcing giant Li & Fung has completed a deal to sell a 21.7% stake in its logistics business for US$300m to Singapore-headquartered investment company Temasek.


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

Sourcing giant Li & Fung is selling 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.

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