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Li & Fung Limited

Li & Fung completes privatisation move

27 May 2020 | Beth Wright

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. ... read more


Li & Fung privatisation deal gets green light

13 May 2020 | Michelle Russell

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


Founding family bids US$930m to privatise Li & Fung

20 March 2020 | Beth Wright

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.... read more


Li & Fung uses digital consumer testing for better decisions

17 December 2019 | Michelle Russell

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.... read more


Li & Fung strengthens capital structure for future growth

8 October 2019 | Michelle Russell

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.... read more


Li & Fung swings to H1 profit but turnover falls

22 August 2019 | Beth Wright

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


Li & Fung completes US$300m sale of LF Logistics stake

20 August 2019 | Beth Wright

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.... read more


Li & Fung sells Logistics stake as spin-off postponed

1 July 2019 | Beth Wright

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.... read more


Sears inks sourcing pact with Li & Fung and Triburg

28 June 2019 | Beth Wright

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.... read more


Store closures and bankruptcies weigh on Li & Fung FY

21 March 2019 | Beth Wright

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%.... read more


The price of US imports from China continues to fall

19 March 2019 | Leonie Barrie

Despite concerns about sourcing from China amid an intensifying trade war with the US, newly-published figures show China continues to dominate US apparel imports – with import volume rising and prices continuing to fall again last year.... read more


Outlook for UK retailers looks bleak

11 March 2019 | Hannah Abdulla

The outlook for UK retailers continues to look bleak. UK department store John Lewis blamed a "challenging" retail backdrop for a more than 45% drop in full-year profits to GBP160m. It was a similar story for rival Debenhams, which issued a warning on full-year profits based on poor sales performance. In an update, the retailer said for the 18 weeks to 5 January, gross transaction value fell 5.6% and like-for-like sales were down 5.7%. ... read more


How Levi Strauss is driving sustainable change

4 March 2019 | Beth Wright

The denim and jeans sector is having to work tirelessly to change perceptions over its sustainability, or lack of it. But change is nigh, promises Michael Kobori, vice president of social and environmental sustainability at Levi Strauss & Co. The company recently expanded its Partnership for Cleaner Textiles (PaCT) programme to four countries in Asia and is now engaging in one of its most ambitious plans to date, with a target to cut carbon emissions across its supply chain by 40% by 2025. "At this point, that is the most aggressive target in the industry, we believe, in terms of both the magnitude and the timeframe," Kobori tells just-style.... read more


British MPs call for laws to tackle fast fashion

25 February 2019 | Hannah Abdulla

The UK government is being urged to introduce legislation that requires fashion brands and retailers to perform due diligence checks across their supply chains and take more responsibility for the environmental impact of their businesses. ... read more


Cambodia facing trade benefits suspension

18 February 2019 | Beth Wright

The European Union has officially started the process that could lead to the temporary suspension of Cambodia's preferential access to the EU market under the Everything But Arms (EBA) trade scheme. The move follows a warning toCambodia in Octoberthat without clear and demonstrable improvements to its human rights situation there would be asuspension of trade preferences. Not surprisingly, the news has disappointedthe Garment Manufacturers Association in Cambodia (GMAC), which sayssuch a movewould jeopardise the country's efforts to build a responsible apparel supply chain.... read more


Debenhams in new sourcing partnership with Li & Fung

12 February 2019 | Beth Wright

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.... read more


US imports hit by earlier stockpiling efforts

11 February 2019 | Hannah Abdulla

Latest figures have revealed a fall in US apparel import volumes from nine of the top ten supplier countries in November. China, its biggest apparel supplier, booked flat growth. The picture was hugely different from the previous month where all ten showed positive growth for imports into the US, suggesting retailers were stockpiling earlier to get ahead of the holiday period, as well as bringing in spring merchandise, in a bid to beat a potential increase in tariffs on goods from China.... read more


Hemp apparel – hype or opportunity?

4 February 2019 | Leonie Barrie

With products derived from hemp making their presence felt in a range of industries, from food and drinks to medicines, we've looked at potential applications in clothing – and issues for the supply chain.... read more


Sourcing giant Li & Fung names new group president

29 January 2019 | Beth Wright

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.... read more


TexOps restructure and the quest to get ahead

28 January 2019 | Beth Wright

Salvadoran sportswear maquila TexOps is navigating a painful restructuring, with owner David Ha putting the brakes on expansion. "We are going back to basics,” the Korean entrepreneur tells just-style in an exclusive interview, revealing how the firm is strategising ahead to get ready for what is coming. This, he says, includes an increase in US labels shifting sourcing south of the border as Trump's trade war with China escalates.... read more


Li & Fung speeds digital strategy with new hire

22 January 2019 | Beth Wright

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).... read more


Brexit deal rejection worries apparel industry

21 January 2019 | Hannah Abdulla

Last week's rejection of Theresa May's proposed UK-EU Brexit deal by MPs saw chatter spike among industry execs who say a No-Deal Brexit could be problematic for the sector given its heavy reliance on overseas talent ... read more


US trade updates out of date

15 January 2019 | Leonie Barrie

Apparel and textile industry executives are among those being deprived of key trade and economic data amid the ongoing US government shutdown – at a time when trade tensions between the US and China mean that having access to the most up-to-date statistics is more important than ever.... read more


2019 off to a positive start

7 January 2019 | Leonie Barrie

Getting 2019 off to a positive start, it seems US apparel retailers saw some holiday cheer, with strong sales momentum that started during the back-to-school season carrying on to Christmas.... read more


UN sets new Fashion Industry Charter for Climate Action

18 December 2018 | Leonie Barrie

43 leading fashion brands, retailers and suppliers – including Adidas, Burberry, Gap Inc, H&M Group, Inditex, Kering, Levi Strauss & Co, and PVH Corp – are backing the UN’s new Fashion Industry Charter for Climate Action with an initial goal of reducing aggregate greenhouse gas emissions by 30% by 2030.... read more


Decathlon's decade-long eco-labelling project

12 December 2018 | Leonie Barrie

Global sporting goods giant Decathlon is nearing the finishing line on a decade-long project that will see all textile and footwear items labelled with their environmental impact by the end of next year. The data is also enabling more eco-friendly design – and will be made freely available to other companies. The retailer has spoken exclusively to just-style about the initiative.... read more


Top stories on just-style in November...

3 December 2018 | Beth Wright

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.... read more


Regional supply chains shape up

26 November 2018 | Leonie Barrie

Regional patterns in world textile and apparel trade are becoming increasingly important, according to an analysis using data from the re:source by just-style sourcing tool. The trend reflects both the changing dynamics of the global economy and the shifting sourcing strategies of fashion brands and retailers.... read more


US-China trade spat spurs sourcing shifts

22 November 2018 | Leonie Barrie

The coming change of control of the House of Representatives following the US mid-term elections will probably do little to stop the escalating tariff disputes between the US and China, the American fashion industry has been warned.... read more


Apparel makers - Let's get virtual

21 November 2018 | Hannah Abdulla

The Virtual Reality market is becoming a bit of a big deal. According to recent forecasts from DigiCapital, the global VR market value could surpass $120bn by 2020. And, as consumers are demanding more from their apparel, combining VR with apparel is something to think about. Cue Google. ... read more


Top stories this week on just-style...

16 November 2018 | Beth Wright

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.... read more


Complexities of multi-channel pricing, sourcing and stock control

15 November 2018 | Leonie Barrie

The fashion industry is operating in a multi-channel world – but when it comes to managing this approach, it seems there is no unanimity of best practice (and often no best practice at all) on multi-channel pricing, sourcing and stock control. Here we unravel some of the complexities.... read more


Digitisation is key to upgrading Asia's fashion factories. Just do it responsibly, says Fung Group's director of sustainability

14 November 2018 | Leonie Barrie

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.... read more


Fashion firms struggle on speed to market

6 November 2018 | Leonie Barrie

Fashion firms are continuing to wrestle with the challenges of taking decisions quickly and meeting deadlines – and admit they are struggling to speed their go-to-market processes to keep up with fast-moving consumer buying behaviour.... read more


Why cotton is being battered on all fronts

29 October 2018 | Leonie Barrie

Cotton is being battered on all fronts, from false information campaigns, to competition from synthetic alternatives, and a changing consumer. The challenge now facing the cotton industry is how to regain its footing.... read more


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