Li & Fung Limited

Apparel and textile industry company news

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Top stories on just-style this week... Katie Smith | 12 Oct 12

Top stories on just-style this week include reports Li & Fung is in advanced talks to buy Synergies Worldwide, a look at the latest list of goods produced in countries that are suspected of using child or forced labour and news that Aaron Beng-Keong Boey has resigned as president of Levi Strauss & Co's Denizen brand.


HONG KONG: Li & Fung names Lam CFO Katie Smith | 10 Oct 12

Sourcing giant Li & Fung has appointed former Citigroup investment banker Ed Lam as its chief financial officer to develop the group's growth and acquisition strategy.


HONG KONG: Li & Fung to acquire Synergies Worldwide? Katie Smith | 8 Oct 12

Apparel and consumer goods supplier Li & Fung is in advanced talks to acquire apparel sourcing agent Synergies Worldwide, according to reports.


HONG KONG: Li & Fung inks new sourcing deal with Wal-Mart Leonie Barrie | 20 Sep 12

A sourcing deal inked more than two years ago between Li & Fung and Wal-Mart Stores has been replaced by a new agreement that allows the global supply chain manager to offer a range of new services to the retail giant.


Top stories on just-style this week... Katie Smith | 7 Sep 12

Top stories on just-style this week include the Olympic Games failing to boost August retail sales in the UK, a look at just-style's latest management briefing on RFID technology and H&M calls for higher wages for garment workers in Bangladesh.


Speaking with style: Harry van Dalfsen, president, IAF Leonie Barrie | 6 Sep 12

The theme of change resonates loudly with Harry van Dalfsen, who took on the role of president of the International Apparel Federation (IAF) two years ago at the height of the global economic crisis. Not surprisingly, ‘Fashion business in a changing environment’ is also the focus of the upcoming IAF World Apparel Convention, which takes place later this month.


just-style management briefing: RFID technology gets increasingly sophisticated Lee Adendorff | 3 Sep 12

Despite the increasing number of roll-outs of RFID item-level tagging by retail giants such as Walmart, JCPenney, Marks & Spencer and supply chain giant Li & Fung, the price of RFID inlays (the electronic component that comprises of an antenna made of copper, silver or aluminium along with a silicon chip attached to a synthetic backing) has not budged.


Li & Fung committed to growth through acquisitions Leonie Barrie | 10 Aug 12

Li & Fung, the world's largest supplier of apparel and consumer goods, has stressed that growth through strategic acquisitions and the trend for outsourcing by retailers and brands will continue to drive its business going forward - despite posting a 22% drop in core first-half operating profit.


HONG KONG: Li & Fung core H1 profit drops 22% Richard Woodard | 9 Aug 12

Core operating profits at consumer goods giant Li & Fung fell 22% despite a slight rise in turnover, as the Hong Kong-based company was hit by continued economic fragility in its main markets.


US: Sustainable Apparel Coalition unveils new eco-index Petah Marian | 27 Jul 12

Clothing and footwear firms including Nike, Marks & Spencer, Levi Strauss and Walmart are among those backing a new tool designed to measure sustainability and environmental impact across the industry supply chain.


Spotlight on...Trinity reveals ambitions for Gieves & Hawkes Petah Marian | 18 Jul 12

Following the acquisition of UK tailoring brand Gieves & Hawkes in April this year, Hong Kong-based Trinity today (18 July) outlined its aspirations for the British heritage brand.


US: J Brand coy on possible sale or IPO Katie Smith | 3 Jul 12

Los Angeles-based apparel retailer J Brand has remained coy on speculation it is exploring strategic options including the potential sale or flotation of the company and has hired independent financial advisor Morgan Stanley.


SINGAPORE: Clariant joins Sustainable Apparel Coalition Leonie Barrie | 12 Jun 12

The group working to reduce the environmental and social impacts of apparel and footwear production around the world has added Swiss-based specialty chemicals company Clariant as one of its members.


HONG KONG: Five directors exit Gieves & Hawkes Katie Smith | 25 May 12

Gieves & Hawkes has today (25 May) confirmed that five of its directors have left the company, a month after upmarket tailor was acquired by Hong Kong based Trinity Ltd.


CHINA: Li & Fung appoints Spencer Fung as COO Katie Smith | 14 May 12

Sourcing giant Li & Fung has today (14 May) promoted LF Europe president Spencer Fung to group chief operating officer.


US: Avery Dennison joins Sustainable Apparel Coalition Leonie Barrie | 10 May 12

The group working to reduce the environmental and social impacts of apparel and footwear production around the world has added labelling and RFID supplier Avery Dennison as its first "solution provider" member.


Spotlight on... Collective Brands' search for steady footing Petah Marian | 4 May 12

Footwear firm Collective Brands has spent the last five years trying to find a stable footing following the company's formation following Payless ShoeSource's acquisition of Stride Rite in 2007. Here just-style charts some of the key themes and events in the company's tumultuous history.


HONG KONG: Trinity buys UK tailor Gieves & Hawkes Petah Marian | 12 Apr 12

Hong Kong based Trinity Ltd, part of global sourcing giant Li & Fung, has bought UK men's wear brand Gieves & Hawkes in a deal worth up to GBP92.5m (US$147.6m).


CHINA: Li & Fung wins US Polo Assn licence Richard Woodard | 11 Apr 12

Global consumer goods and logistics giant Li & Fung has won a new multi-year licence to sell apparel and accessories under the US Polo Assn brand in China.


US: Vena Cava brand teams up with LF USA Katie Smith | 10 Apr 12

Women's fashion brand Vena Cava has signed a multi-year licensing and design agreement with LF USA, a subsidiary of Hong Kong based consumer goods sourcing giant Li & Fung.


GAFTI gets tough on audit fatigue Leonie Barrie | 4 Apr 12

With increasing numbers of apparel and footwear brands, retailers and manufacturers weighed down by so-called "audit fatigue" - an estimated $2bn is spent by the industry each year on audits - it is no wonder that steps are being taken to work towards a common platform that will enable firms to share data and reduce the number of audits carried out across the supply chain.


HONG KONG: Li & Fung delivers 24% hike in full-year earnings Leonie Barrie | 22 Mar 12

Li & Fung Limited, the world's largest supplier of apparel and consumer goods, today (22 March) booked a 24% hike in full-year profit thanks to the expansion of its sourcing network and growth in its Asia business.


US: Kohl's unveils American Idol collection Katie Smith | 22 Mar 12

US department store chain Kohl's has teamed up with the makers of American Idol to launch an exclusive clothing collection next month.


US: Keds launches capsule footwear line with Madewell Leonie Barrie | 23 Feb 12

Sneaker brand Keds has teamed up with retailer Madewell to launch a limited-edition capsule collection.


FRANCE: Fung Brands completes takeover of Sonia Rykiel Stuart Todd | 21 Feb 12

Hong Kong based investment firm Fung Brands has finalised an agreement to take an 80% stake in French luxury fashion brand Sonia Rykiel founded by the designer around 40 years ago.


Top stories on just-style this week... Leonie Barrie | 10 Feb 12

The most-read stories on just-style this week included news that Nike has lent its support to a new waterless fabric dyeing process, the recommendation that international brands and retailers address the low wages of Cambodian garment workers, and reports that despite facing a tough year, China's textile and clothing industry is set for further growth.


US: LF USA eyes expansion at new Greensboro office Leonie Barrie | 7 Feb 12

LF USA, a subsidiary of Hong Kong based consumer goods sourcing giant Li & Fung Limited, has opened new offices in Greensboro, North Carolina and hinted that expansion is likely.


FRANCE: Fung Brands poised to acquire Sonia Rykiel Stuart Todd | 27 Jan 12

Hong Kong based investment firm Fung Brands is in exclusive talks with French luxury fashion brand Sonia Rykiel to take an 80% stake in the company.


Top ten analysis articles on just-style in 2011... Leonie Barrie | 23 Dec 11

Among the most-read analysis articles on just-style in 2011 were stories relating to green fashion and sustainability, the impact of the earthquake and tsunami that devastated Japan, and sourcing opportunities in Central America and Ethiopia.


Top ten news stories on just-style in 2011... Leonie Barrie | 23 Dec 11

Instead of our regular look at the top stories on just-style during the week, we thought a fitting end to the year would be to take a look at the top stories on just-style in 2011. What made the grade? Not surprisingly, the list includes cotton's ups and downs, the new apparel eco-index scheme...and JC Penney's new logo.

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