Li & Fung Limited

Apparel and textile industry company news

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IN THE MONEY: More licensing and less M&A for Global Brands Michelle Russell | 27 Aug 14

Following its spin-off from Li & Fung last month, fashion apparel, footwear and accessories business Global Brands Group has outlined the firm's strategy as it heads into the second half. Its focus will include more licensing deals and fewer acquisitions.


SOURCING: Li & Fung looks to new frontiers for growth Michelle Russell | 26 Aug 14

Li & Fung has outlined a number of new frontiers the global sourcing giant is looking to explore as it works through its three-year roadmap, which it hopes will capture new customers in new categories and countries, and increase the group's cross-selling activities.


HONG KONG: Li & Fung reports "solid" H1 but warns on US Michelle Russell | 21 Aug 14

Global sourcing firm Li & Fung reported "solid" results in the first half, against a mixed economic landscape, with growth in both sales and earnings.


HONG KONG: Global Brands H1 net loss widens on costs Michelle Russell | 21 Aug 14

Fashion apparel, footwear, and accessories business Global Brands Group has widened its net loss in the first half as a result of increased investment in new brand additions.


HONG KONG/US: Global Brands extends Disney sleepwear license Katie Smith | 14 Aug 14

Fashion apparel, footwear, and accessories business Global Brands Group has extended its sleepwear licensing arrangement with Disney Consumer Products.


US: PLM software supplier expands with first Asia office Katie Smith | 4 Aug 14

Product lifecycle management (PLM) software provider Centric Software has opened its first Asian office in Shanghai, as part of efforts to expand its presence in the region.


TECHNOLOGY: Fung Capital helps PLM firm expand into Asia Kitty So | 30 Jul 14

Fung Capital is investing in US-based Centric Software, a provider of product lifecycle management (PLM) software to the apparel industry, helping the US company's expansion into Asia.


ANALYSIS: Africa courts clothing and textile investment Bertha M Rinjeu | 28 Jul 14

East African countries are aggressively courting foreign investors to revive their textiles and apparel industries.


HONG KONG: Li & Fung completes Global Brands spin-off Michelle Russell | 9 Jul 14

Global sourcing firm Li & Fung has completed the spin-off its Global Brands Group as a separate publicly-listed business, which has now begun trading on the Hong Kong Stock Exchange.


HONG KONG: Li & Fung receives board approval for spin-off Michelle Russell | 2 Jul 14

Global sourcing firm Li & Fung says it is proceeding to the completion of plans to spin-off its Global Brands Group as a separate publicly-listed business following approval of the move from the board.


HONG KONG: Li & Fung moves forward on global brands spin-off Leonie Barrie | 21 May 14

Global sourcing firm Li & Fung has taken another step forward in its plans to spin-off its Global Brands Group as a separate publicly-listed business.


Vietnam unrest a wake-up call for buyers and investors Leonie Barrie | 16 May 14

For buyers and foreign investors who have been piling into Vietnam's textile, clothing and footwear industries, this week's large-scale and increasingly violent anti-China protests may prove to be a wake-up call.


HONG KONG: Li & Fung plans global brands spin-off Katie Smith | 15 May 14

Global sourcing and supply business Li & Fung has submitted an application to list its global brands and licensing business on the Hong Kong Stock Exchange.


Rana Plaza one year on: Bangladesh in words Michelle Russell | 24 Apr 14

One year today, one of the worst industrial disasters in history occured when the Rana Plaza garment factory in Bangladesh collapsed, killing nearly 1,200 workers. just-style has followed developments closely over the last 12 months, and here we take a look back at the thoughts of those in the industry.


BANGLADESH: New Alliance board members commit to driving safety Michelle Russell | 4 Apr 14

New members of the Alliance for Bangladesh Worker Safety Board of Advisors will be hoping to offer a positive contribution to improving worker safety conditions in the country's ready-made garment sector as the anniversary of Rana Plaza nears.


BANGLADESH: Calls reignited for Tazreen compensation Katie Smith | 4 Apr 14

The pending anniversary of Rana Plaza has reignited calls for compensation to be given to victims of the Tazreen Fashions fire, in the hope they will not be forgotten.


Brands spin-off headlines new Li & Fung masterplan Richard Woodard | 20 Mar 14

The announcement of Li & Fung’s new three-year plan, covering the 2014-16 period, began – as these things often do – with a glance back over the recent past.


HONG KONG: Li & Fung FY net profit in 21% surge Richard Woodard | 20 Mar 14

Global sourcing and supply business Li & Fung recorded a stronger than expected full-year net profit in 2013, boosted by the turnaround of its LF USA division.


Li & Fung highlights need for change in the supply chain Michelle Russell | 14 Mar 14

The apparel industry and its supply chain have experienced "profound change" and "significant action" following recent factory tragedies in Bangladesh, according to Rick Darling, executive director of government & public affairs at Li & Fung. Speaking in London this week, he discussed the industry's efforts to improve factory safety, the role played by manufacturers, retailers and authorities, and the increasing need for transparency.


Quote/Unquote: Ten soundbites on the state of play in retail Michelle Russell | 14 Mar 14

The great and the good of the retail industry descended on London this week to share their views on the current climate, industry trends and thoughts on what the future holds for the British retail industry.


The Flanarant: Can you choose your productivity philosophy? Mike Flanagan | 17 Feb 14

The pressure for higher wages and better working conditions looks unstoppable – and is being accompanied by a wave of new initiatives aimed at making it easier for factories to compete while making these changes. But will they work? asks Mike Flanagan.


just-style's most read stories this week... Katie Smith | 10 Jan 14

The most-read stories on just-style this week include a look at M&S's latest trading update, the end of a strike by garment workers in Cambodia, and a new factory and worker safety business unit set up by Li & Fung.


CHINA: Luthai Textile eyes expansion with New York office Michelle Russell | 7 Jan 14

China-based shirt manufacturer and yarn supplier Luthai Textile is to open an office in New York as part of the firm's ambitions to grow its global business.


HONG KONG: Li & Fung sets up factory and worker safety unit Katie Smith | 6 Jan 14

Global sourcing giant Li & Fung has reorganised its factory support services into a new business unit that will focus more intensely on improving factory and worker safety in the garment industry.


BANGLADESH: Retailers urged to compensate Tazreen victims Katie Smith | 16 Dec 13

Retailers who sourced garments from Tazreen Fashions in Bangladesh are again being urged to pay "full and fair" compensation to the victims of the factory fire – more than one year after the blaze killed at least 112 people.


US: Fifth & Pacific to sell Lucky Brand for US$225m Katie Smith | 10 Dec 13

Apparel giant Fifth & Pacific Companies has agreed to sell its Lucky Brand Jeans business to an affiliate of private equity firm Leonard Green & Partners, for US$225m, to focus on its popular Kate Spade label.


Cheaper private label apparel "losing traction" Richard Woodard | 28 Nov 13

The growth of inexpensive private label apparel is ending as the sector becomes less and less competitive, according to new research.


US: Quiksilver inks apparel license with LF USA Katie Smith | 27 Nov 13

Surfwear brand Quiksilver has entered into a licensing agreement with LF USA, a subsidiary of global sourcing giant Li & Fung, for children's apparel in the US.


BANGLADESH: Campaigners fight on for Tazreen families Richard Woodard | 22 Nov 13

Campaign groups and unions are renewing calls for meaningful compensation for victims of the Tazreen Fashions factory fire – almost one year after the blaze killed at least 112 people.


US: Sustainability Consortium expands to China Leonie Barrie | 28 Aug 13

The Sustainability Consortium [TSC] is to expand its global reach to China, partnering with Nanjing University to provide new insight to help improve the sustainability of consumer products - with a focus on clothing, footwear and textiles.

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