Page 10 – Li & Fung

Li & Fung announces inaugural LF Asia sourcing agreement with Li Ning, and shareholders of 99.02% of IDS shares have elected for share alternative

Hong Kong, November 3, 2010 – Hong Kong-based multinational Li & Fung Limited (“Li & Fung” or “the Group”, SEHK: 494), the global consumer goods exporter, today announced it will become a sourcing agent for Li Ning Company Limited’s (“Li Ning”) brands in both international and domestic market. The agreement will cover sourcing for a certain … Continued

Shareholders of IDS approve acquisition by Li & Fung

Hong Kong, 7 October 2010 – Today, Integrated Distribution Services Group Limited (“IDS”, SEHK: 2387) shareholders voted by a strong margin to approve the scheme of arrangement (“Scheme”) in respect of the offer made by Hong Kong-based multinational Li & Fung Limited (“Li & Fung” or “the Group”, SEHK: 494) to acquire IDS. The Scheme was … Continued

Li & Fung shareholders approve acquisition of IDS

Hong Kong, September 13, 2010 – Li & Fung Limited (“Li & Fung”, SEHK: 494), shareholders today gave strong support for the company’s proposed acquisition of Integrated Distribution Services Group Limited (“IDS”) by way of privatisation pursuant to a scheme of arrangement (“Scheme”). At a Special General Meeting of Li & Fung held on September 13, … Continued

LF USA acquires Jimlar Corporation

New York, August 12, 2010 – LF USA, a subsidiary of Hong Kong-based multinational Li & Fung Limited, the global consumer goods exporter, today announced that it has acquired Jimlar Corporation (“Jimlar”). Jimlar is a leading designer, distributor and supplier of footwear in the U.S. and internationally, producing footwear under license from Coach and Calvin Klein … Continued

Li & Fung reports record core operating profit growth of 55% for 1H 2010

Hong Kong, 12 August 2010 – Hong Kong-based multinational Li & Fung Limited (“Li & Fung” or “the Group”, SEHK: 494), the global consumer goods exporter, today announced record core operating profit growth of 55% for the first six months of 2010, reflecting the effects of nascent economic recovery in the United States together with contributions … Continued

LF USA acquires Cipriani Accessories Inc.

New York, N.Y., July 8, 2010 – LF USA, a subsidiary of Hong Kong-based multinational Li & Fung Limited, the global consumer goods exporter, announced today that it has acquired substantially all of the assets of Cipriani Accessories Inc. and its affiliate, The Max Leather Group. Cipriani Accessories Inc., is a leading designer, distributor and importer … Continued

Li & Fung announced seven deals signed

Hong Kong, 8 July 2010 – Hong Kong-based multinational Li & Fung Limited (“Li & Fung” or “the Group”, SEHK: 494), the global consumer goods exporter, today announced the signing of seven deals in the last few months. This includes three acquisitions related to health, beauty and cosmetics (HBC) sector, jeanswear, and US onshore businesses respectively, as well … Continued