Press releases - Li & Fung

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Press releases


29 Oct 2019

Li & Fung signs Nike and Ocean Conservancy Arctic Shipping Pledge to prevent harmful shipments in Arctic waters

LF Logistics has signed a pledge to support an initiative launched by its customer, Nike, and Ocean Conservancy to prohibit shipping through the Arctic Ocean.

08 Oct 2019

Li & Fung completes Bond Tender Offer and issues New US$400 million Bond to further strengthen its Capital Structure

This is an important step aimed at deleveraging the Company’s balance sheet and providing higher financial flexibility for its upcoming Three-Year Plan (2020 – 2022).

22 Aug 2019

Li & Fung Announces 2019 Interim Results

Profit attributable to shareholders swung back to positive and recorded US$21 million on a reported basis.

08 Aug 2019

Li & Fung Announces Completion of Investment in LF Logistics by Temasek

The investment will allow the Company to unlock the value of LF Logistics and accelerate its business growth, as well as enhancing Li & Fung’s capital structure and financial flexibility.

28 Jun 2019

Li & Fung Announces Investment of US$300 Million by Temasek in LF Logistics

The investment values LF Logistics at approximately US$1.4 billion on a post-money equity valuation basis.

23 May 2019

Li & Fung 2019 Annual General Meeting

Held in Hong Kong, all shareholder resolutions were approved and adopted.

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.
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