Li & Fung saw FY profit slump, blaming ongoing restructuring costs and weakness in its distribution business.
Li & Fung warns of slump in FY profit, names new US president
January 11, 2013 by Leave a Comment
Li & Fung Ltd 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.
Li & Fung names Lam CFO
October 10, 2012 by Leave a Comment
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.
Geoffrey Beene announces licensing agreement for men’s sportswear
October 5, 2012 by Leave a Comment
Geoffrey Beene, LLC has entered into a multi-year licensing agreement with LF USA for men’s sportswear including sport shirts and sweaters.
Li & Fung inks new sourcing deal with Wal-Mart
September 20, 2012 by Leave a Comment
Li & Fung and Wal-Mart Stores have updated an agreement, allowing the global supply chain manager to offer a range of new services to the retail giant.
Li & Fung core H1 profit drops 22%
August 10, 2012 by Leave a Comment
Profits at Li & Fung fell 22% despite a slight rise in turnover, as the company was hit by economic fragility in its main markets.
Li & Fung appoints Spencer Fung as COO
May 14, 2012 by Leave a Comment
Sourcing giant Li & Fung has promoted LF Europe president Spencer Fung to group chief operating officer.
Li & Fung delivers 24% hike in full-year earnings
March 22, 2012 by Leave a Comment
Li & Fung Limited booked a 24% hike in full-year profit thanks to the expansion of its sourcing network and growth in its Asia business.
LF USA eyes expansion at new Greensboro office
February 7, 2012 by Leave a Comment
LF USA has opened new offices in Greensboro, North Carolina and hinted that expansion is likely.
