Li & Fung Limited

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ANALYSIS: Wal-Mart deal "tip of the iceberg" for Li & Fung Dominique Patton | 1 Feb 10

Wal-Mart's new agreement with Hong Kong sourcing expert Li & Fung will bring benefits to both companies, each already a giant in its field. Not only will it help the retailer to cut costs and spread its global exposure, but it could also double Li & Fung's business, writes Dominique Patton.


US: Wal-Mart agrees $2bn sourcing deal with Li & Fung just-style.com | 28 Jan 10

Retail giant Wal-Mart Stores Inc has agreed a strategic alliance with Li & Fung as part of a shake-up of its global sourcing structure in a bid to reduce costs, improve quality and accelerate its speed to market.


HONG KONG: Li & Fung and Hudson's Bay in sourcing deal just-style.com | 8 Dec 09

Hong Kong-based global consumer goods exporter Li & Fung Limited and the Hudson's Bay Trading Company have announced a global sourcing strategic partnership.


HONG KONG: Li & Fung unit Trinity starts IPO just-style.com | 21 Oct 09

Li & Fung has listed its luxury retail unit Trinity Inc in Hong Kong, reportedly raising up to HKD$664m (US$85.7m) through an initial public offering (IPO).


HONG KONG: Li & Fung to buy Wear Me Apparel just-style.com | 19 Oct 09

Hong Kong-based global consumer goods exporter Li & Fung Limited is to buy US fashion brand manager Wear Me Apparel, which does businesss as Kids Headquarters, for US$100m.


INSIGHT: Li & Fung 1H profit lifts 13% despite weak market just-style.com | 13 Aug 09

Consumer goods powerhouse Li & Fung posted a 13% rise in first-half profit to HK$1.397bn (US$180m), but saw turnover decline on weak markets and customer insolvencies.


US: The Talbots inks Li & Fung sourcing deal just-style.com | 13 Aug 09

Women’s wear retailer The Talbots has signed a buying agency agreement with consumer goods sourcing specialist Li & Fung.


US: Li & Fung grows supply chain with online trade tool just-style.com | 9 Jun 09

Hong Kong-based global consumer goods exporter Li & Fung Limited is supporting its extensive supplier network with an online portal to boost collaboration between vendors and agents.


EXCLUSIVE INTERVIEW: Dr William Fung, Li & Fung just-style.com | 6 May 09

Export woes in China are being curtailed by domestic spending in a growing retail sector, the boss of sourcing giant Li & Fung told just-style today (6 May).


US: Liz Claiborne and Li & Fung complete sourcing pact just-style.com | 31 Mar 09

As of today (31 March), Hong Kong-based global consumer goods exporter Li & Fung is the main global apparel and accessories sourcing agent for all brands in the Liz Claiborne Inc portfolio.


HONG KONG: Li & Fung bullish despite 21% profit decline just-style.com | 25 Mar 09

Product sourcing giant Li & Fung is still targeting further acquisitions and outsourcing deals despite posting a 21% slide in full-year profit.


US: Li & Fung to take on Liz Claiborne’s sourcing ops just-style.com | 23 Feb 09

Hong Kong-based sourcing giant Li & Fung is to take on Liz Claiborne’s sourcing operations in a deal worth up to $83m as the US clothing firm switches its focus onto its core brand and retail businesses.


Speaking with style: Bruce Rockowitz, president, Li & Fung Trading just-style.com | 27 Jan 09

As retailers across Europe and the US brace for more months of falling sales and thousands of factories in the east are forced to close, one company director is eyeing opportunities from the global recession fallout. Bruce Rockowitz, president of Li & Fung Trading, tells just-style how the world’s largest sourcing group is tapping into demand for lower prices.


HONG KONG: Li & Fung buys Germany’s Miles Fashion just-style.com | 1 Dec 08

Hong Kong-based sourcing giant Li & Fung Limited has bought German apparel supplier Miles Fashion Group for US$51m, in a move that expands its business both in Europe and in value-priced products.


UK: Hardy Amies sold to Li & Fung unit just-style.com | 13 Nov 08

Savile Row fashion house Hardy Amies Plc has been sold to Fung Capital Europe, the private investment arm of Hong Kong sourcing giant Li & Fung, for an undisclosed sum.


US: Liz Claiborne in new Mexx sourcing deal with Li & Fung just-style.com | 12 Nov 08

Women’s wear retailer Liz Claiborne has signed a new sourcing deal for its Mexx Europe retail brand with Hong Kong-based consumer goods exporter Li & Fung.


HONG KONG: Li & Fung cuts costs as downturn hits home just-style.com | 10 Nov 08

Supply chain giant Li & Fung is to implement a hiring freeze, clamp down on expenses and possible redundancies, blaming the impact of worsening economic conditions.


HONG KONG: Li & Fung sells 4.85% stake for HKD$3.9bn just-style.com | 8 Sep 08

Supply chain management giant Li & Fung has announced it will sell a 4.85% stake in the company to Singapore-based investment firm Temasek for around HKD$3.9bn (US$499m).


HONG KONG: Li & Fung on acquisition trail as H1 profit soars just-style.com | 13 Aug 08

Supply chain giant Li & Fung today (13 August) said profit rose 18% to HKD$1.24bn (US$159m) for the first half of the year, and announced the acquisition of a US handbag importer.


HONG KONG: Li & Fung boss predicts BRIC retail expansion just-style.com | 10 Apr 08

One of the bosses from global supplier Li & Fung believes that the emerging markets of Brazil, Russia, India and China (BRIC) are open to an avalanche of new merchandise from organised international retailers.


HONG KONG: Li & Fung shares slip despite 39% FY profit growth just-style.com | 28 Mar 08

Hong Kong based clothing supplier Li & Fung has seen its share price drop sharply despite reporting a 39% hike in full-year profit.


HONG KONG: Li & Fung in US$128m AME acquisition just-style.com | 6 Nov 07

Li & Fung, the world’s biggest textile sourcing group, has added to its US assets with the acquisition of sleepwear specialist American Marketing Enterprises Inc (AME).


US: Liz Claiborne sells four brands to Li & Fung just-style.com | 14 Sep 07

Apparel company Liz Claiborne Inc is to sell four brands to the US unit of global sourcing group Li & Fung Limited, as it attempts to shift its focus to smaller, more powerful labels and develop its own retail businesses.


US: Liz Claiborne to sell four brands to Li & Fung? just-style.com | 13 Sep 07

US fashion company Liz Claiborne is reportedly negotiating the sale of four of its brands to Chinese apparel firm Li & Fung Group.


HONG KONG: Li & Fung spends $243m on apparel, shoe firms just-style.com | 16 Aug 07

Hong Kong-based Li & Fung, the world’s biggest textile sourcing group, has posted a 38% hike in first half profit and says it is to spend more than $243m on buying two suppliers to help it take advantage of the global trend toward outsourcing.


SRI LANKA: Li & Fung vows to source clothing closer to home just-style.com | 20 Jun 07

Li & Fung’s Sri Lanka office is to increase purchases of men’s wear and value added children’s wear from Sri Lanka.


ANALYSIS: Li & Fung on target for record revenues just-style.com | 26 Mar 07

Last week, Hong Kong-based Li & Fung announced a 22% jump in 2006 sales to HK$68bn (US$8.7bn). The world's biggest textile sourcing group is now poised to punch well above its target $10bn revenues this year, helped by its recent acquisition of Tommy Hilfiger’s sourcing operations. Dominique Patton reports.


HONG KONG: Acquisitions push Li & Fung FY profit up 23% just-style.com | 22 Mar 07

Hong Kong-based Li & Fung, the world’s biggest textile sourcing group, looks well on its way to reach target sales of $10bn next year, announcing full year 2006 sales up 22% to HK$68bn (US$8.7bn).


JAPAN: Kanematsu to sell 55% textile share to Li & Fung just-style.com | 6 Mar 07

Kanematsu Corp has reached an agreement to sell a 55% stake in wholly-owned subsidiary Kanematsu Textile Corporation to the investment arm of Hong Kong-based trading group Li & Fung.


HONG KONG: Li & Fung to buy Hilfiger sourcing operations just-style.com | 12 Feb 07

A wholly-owned subsidiary of global sourcing giant Li & Fung is to buy the sourcing operations of the Tommy Hilfiger designer apparel firm for US$247.8m in a move that enhances its global diversification strategy.

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