Li & Fung Launches Vendor Support Services Unit

Li & Fung

Sourcing giant Li & Fung has launched a new business unit reorganizing its existing factory support services.

Restructuring costs weigh on Li & Fung FY profit

Li & Fung

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

Li & Fung

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.

Factory fire kills 110 garment workers in Bangladesh

Tuesday will be a national day of mourning in Bangladesh following Saturday’s horrific garment factory fire.

Li & Fung names Lam CFO

Li & Fung

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

Geoffrey Beene

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

Li & Fung

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%

Li & Fung

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

Li & Fung

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

Li & Fung

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.