Li & Fung Limited

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Comment: Name the new China? There's no contest David Birnbaum | 15 Aug 13

Garment sourcing involves much more than finding the place with the lowest labour rates - but the industry continues to obsess about finding the next successors to China's crown as the ultimate manufacturing destination. As David Birnbaum explains, it's a complex problem, and fast answers almost always tend to be silly ones.


Viewpoint: China changes drive global sourcing search Leonie Barrie | 15 Aug 13

In its constant search for cheaper and cheaper production bases around the world, there are few places the apparel and textile industry has left untouched. But still the search goes on. From Africa to the Americas, Burma to Bangladesh, there seems to be a never-ending debate as to the next sourcing hotspot.


In the money: Li & Fung emphasises China's importance Petah Marian | 14 Aug 13

Apparel supply giant Li & Fung has emphasised China's enduring importance as a sourcing destination, noting that the country continues to play a key role for both importers and retailers.


HONG KONG: Li & Fung H1 profit slumps 69% Richard Woodard | 13 Aug 13

A change in its business mix and one-off gains last year led to a 69% slump in first-half profit and flat revenues at sourcing and logistics giant Li & Fung.


BANGLADESH: Retailers urged to discuss Rana Plaza compensation Petah Marian | 24 Jul 13

Retailers involved in the recent Bangladesh apparel factory tragedies are being called on to attend meetings to discuss compensation for victims.


Could India rival China as a clothing exporter? Raghavendra Verma | 22 Jul 13

The Indian apparel industry has made progress with backward integration over the last five years, but needs to reorganise to play to its strengths, a conference was told last week. And if India does invest, it could rival China as clothing exporter.


Comment: The crooks and conmen among us David Birnbaum | 7 May 13

Today, many if not most importers and retailers are making an honest effort to make Bangladesh a better place to work for customers, suppliers and workers alike. But recent events such as the collapse the Rana Plaza factory building have brought out some important truths, believes David Birnbaum.


BANGLADESH: Buyers call for action on factory safety Siddique Islam | 30 Apr 13

Representatives from more than 40 apparel brands and retailers have called for a credible action plan to address workplace safety in the Bangladesh clothing sector as the death toll from last week's Rana Plaza building collapse climbs to 386.


BANGLADESH: European retailers agree Tazreen fire compensation Petah Marian | 16 Apr 13

European retailers C&A, Kik and El Corte Ingles will contribute to a compensation plan for the victims of the Tazreen Fashions fire in Bangladesh in November last year.


Apparel software trends: Supply chain challenges Leonie Barrie | 2 Apr 13

Social and environmental compliance are the main issues facing today's apparel supply chains, according to industry experts consulted by just-style. The continued shift towards faster and faster fashion cycles, along with pressure on retailers to adapt to an omni-channel experience, are also throwing up challenges when it comes to flexibility in global sourcing.


HONG KONG: Restructuring costs weigh on Li & Fung FY profit Leonie Barrie | 21 Mar 13

Global sourcing giant Li & Fung Ltd has seen its full-year profit slump despite a slight rise in turnover, blaming ongoing restructuring costs and weakness in its distribution business.


US: Men's Wearhouse names Kimmins CFO Katie Smith | 6 Mar 13

Men's Wearhouse has today (6 March) appointed Jon Kimmins as executive vice president, chief financial officer and treasurer.


just-style's most read stories this week... Katie Smith | 15 Feb 13

The most read stories on just-style this week include Puma launching its first closed-loop apparel and accessories collection, the global federation representing garment workers pledging its commitment to drive change in Bangladesh, and Fifth & Pacific ending its distribution agreement with Li & Fung.


US: Fifth & Pacific ends distribution deal with Li & Fung Katie Smith | 11 Feb 13

Apparel firm Fifth & Pacific has moved its distribution operations to a company-owned facility in Ohio after its agreement with global sourcing giant Li & Fung expired last month.


CHINA: Apparel retailers turn to lower-tier cities Katie Smith | 15 Jan 13

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? Mike Flanagan | 14 Jan 13

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 Katie Smith | 14 Jan 13

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.


HONG KONG: Li & Fung warns of 40% slump in FY profit Leonie Barrie | 11 Jan 13

Global sourcing giant Li & Fung Ltd today (11 January) warned of a 40% fall in full-year core operating profit - and named a new president to lead its US unit where sales and margins have weakened.


US: Retailer Ann Inc bolsters supply chain sustainability Leonie Barrie | 10 Jan 13

US women's wear retailer Ann Inc has shored up its eco-credentials by joining the Sustainable Apparel Coalition (SAC) and rolling out its supply chain environmental programme with global vendors.


UPDATE: SOUTH KOREA: Fung Retailing acquires children's wear operator Petah Marian | 4 Jan 13

South Korean baby and children's wear retailer Suhyang Networks has been acquired by privately held Fung Retailing.


UK: Activists call for compensation for Bangladesh fire victims Leonie Barrie | 19 Dec 12

Activists are to stage candlelight vigils at Edinburgh Woollen Mill stores across the UK this week, urging the retailer to pay compensation to the victims and families of those killed and injured in the recent factory fire in Bangladesh.


US: Lawmakers urge action following Bangladesh fire Siddique Islam | 13 Dec 12

A group of US lawmakers is calling on President Barack Obama to take action in the wake of the recent fire in Bangladesh to ensure that clothing imported into the US - particularly products for the military - is made in factories that protect their workforce.


BANGLADESH: Wal-Mart admits goods made at fire factory Petah Marian | 27 Nov 12

The garment factory in Bangladesh where a fire at the weekend killed at least 111 people and injured another 100 had been making clothing for Wal-Mart without its knowledge, the world's largest retailer confirmed today (27 November).


Viewpoint: Bangladesh factory fire highlights need for change Leonie Barrie | 26 Nov 12

It is almost two years to the day since 29 people perished in a fire at a garment factory in Bangladesh - and it would appear that little has been done in the intervening period to tackle the industry's safety issues.


BANGLADESH: Factory fire kills 110 garment workers Siddique Islam | 26 Nov 12

Bangladesh is to hold a national day of mourning tomorrow (27 November) after at least 111 people were killed and another 100 injured in a garment factory fire on Saturday.


SLDF 2012: SAC eco-index to help reduce supplier audits Petah Marian | 16 Nov 12

Suppliers may need to undergo only one audit a year on their sustainability and environmental credentials if an eco-index initiative by the Sustainable Apparel Coalition (SAC) takes off.


HONG KONG: Li & Fung coy on Suhyang Networks talks Katie Smith | 16 Nov 12

Global sourcing giant Li & Fung has remained coy on speculation it is in talks to acquire South Korean children's apparel manufacturer Suhyang Networks.


BANGLADESH: Buyers assess apparel sourcing opportunities Siddique Islam | 12 Nov 12

A group of buyers representing some 20 global brands and retailers is this week visiting Bangladesh as part of a wider regional tour to explore sourcing alternatives to China.


TURKEY: Labour groups target Esprit and Li & Fung Leonie Barrie | 7 Nov 12

Fashion retailer Esprit and its sourcing agent Li & Fung have been targeted by protesters in Hong Kong, Turkey and Thailand in a series of demonstrations accusing them of failing to pay wages and severance pay to workers at a factory in Istanbul.


HONG KONG: Li & Fung $500m bond issue to fund acquisitions Richard Woodard | 2 Nov 12

Global sourcing giant Li & Fung is to issue US dollar bonds to raise funds for “strategic acquisitions and business development”, the company said.

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