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Press releases

21 Mar 2019

Li & Fung Announces 2018 Annual Results

Core Operating Profit decreased 20% to US$285 million due to challenges in Supply Chain Solutions business, a new management team in place to accelerate turnaround and digital transformation

29 Jan 2019

Li & Fung appoints Joseph Phi as Group President

As Group President, Joseph will lead the company’s Supply Chain Solutions operating groups, including Business Development.

22 Jan 2019

Li & Fung appoints Darren Palfrey as Chief Digital Officer

Having reached a defining point in its digital transformation journey, the company has expanded its leadership team and created a new role with the purpose of accelerating its digital strategy.

18 Oct 2018

Weizhong Zhu Joins Li & Fung as Chief Operating Officer

Weizhong Zhu (“Wilson”) has joined Li & Fung as Chief Operating Officer and will lead operations across all Li & Fung’s 40+ production countries.

22 Aug 2018

Li & Fung Announces 2018 Interim Results

The Company exceeded Three-Year Plan targets in 2017, but 2018 is challenging due to continued destocking, store closures and bankruptcies.

25 May 2018

Li & Fung redeems US$500 million subordinated perpetual capital securities, optimizing its capital structure

Following the redemption, the Securities will be cancelled and delisted from the official list of the Singapore Exchange Securities Trading Limited.

15 May 2018

Li & Fung 2018 Annual General Meeting

Held in Hong Kong, all shareholder resolutions were approved and adopted. The shareholders also re-elected Spencer Fung, Allan Wong, Margaret Leung, Chih Cheung, John Rice, Joseph Phi to the Board of Directors.

15 May 2018

Li & Fung Joins Copenhagen Fashion Summit 2018 to Raise Awareness of Sustainability in Fashion

Li & Fung joins leading voices from across the fashion industry as a strategic advisor to GFA’s Steering Committee to help set the GFA agenda and provide practical supply chain experience.