Press releases - Li & Fung


Press releases

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.

07 May 2018

Li & Fung Accelerates Creation of Digital Supply Chain with Softwear Automation Partnership

Leveraging Li & Fung’s global supplier network and Softwear’s autonomous sewing worklines with the aim of creating a fully-digital manufacturing supply chain for apparel and textile products.

03 Apr 2018

Li & Fung Completes Strategic Divestment of Product Verticals Business

Following divestment of its three product vertical businesses, Furniture, Beauty and Sweaters, Li & Fung will pay a special dividend of 47.6 HK cents per share to our shareholders.

22 Mar 2018

Li & Fung Announces 2017 Annual Results

The Company reported positive 2017 results, highlighting that its Three-Year Plan (2017- 2019) had a strong start and is on track to deliver its financial and strategic goals.

01 Feb 2018

Li & Fung Partners with One Earth – One Ocean to Raise Awareness of Need for Cleaner Oceans Around the World

Partners Hold a Reception in Hong Kong to Commemorate the Launch of an Asia Tour for One Earth – One Ocean’s SEEKUH, a Catamaran that is Cleaning Ocean’s Around the World.

31 Jan 2018

Li & Fung Announces Shareholder Approval of US$1.1 Billion Strategic Divestment of Three Product Verticals Businesses

This divestment continues Li & Fung’s strategy of simplifying its overall business, allowing the Company to focus resources on its Three-Year Plan goal of creating the supply chain of the future.
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