New York, N.Y., June 18, 2009 – LF USA, a subsidiary of Hong Kong-based Li & Fung Limited, announced today that it has signed a licensing agreement with Rebecca Moses to manufacture and distribute the Rebecca Moses Heart Soul Style brand. Together, the two parties will work to develop and launch the Rebecca Moses Heart Soul … Continued
Hong Kong, June 16, 2009 – Li & Fung Ltd (“Li & Fung” or “the Group”, SEHK: 494) today welcomed the Board of Review’s decision in favour of an appeal by its subsidiary, Li & Fung (Trading) Limited (“LFT”), that offshore claim of certain non-Hong Kong sourced income of LFT is valid. On the other … Continued
Hong Kong, June 10, 2009 – Li & Fung Ltd (“Li & Fung” or “the Group”, SEHK: 494) today announced that parts of Arcandor, including Karstadt, Primondo and Quelle, for which Li & Fung acts as buying agent, have filed for insolvency. Arcandor is an operator of Germany’s leading home-shopping and department store businesses. A court … Continued
Hong Kong, 25 March 2009 – Hong Kong-based global consumer goods exporter Li & Fung Limited (“Li & Fung” or “the Group”, SEHK: 494) today announced strong turnover growth for 2008 despite a very difficult market. For the year ended 31 December 2008, the Group’s turnover was HK$110,722 million (US$14,195 million), 20% higher than the year … Continued
Hong Kong, 23 February 2009 – Hong Kong-based global consumer goods exporter Li & Fung Limited (“Li & Fung” or “the Group”, SEHK: 494) and Liz Claiborne Inc. (NYSE: LIZ), today announced that they have agreed to enter into a long-term, exclusive Buying Agency Agreement whereby Li & Fung will act as the primary global apparel … Continued
Hong Kong, 5 January 2009 – In response to media enquiries relating to the recent filing for Chapter 11 bankruptcy protection by KB Toys in the United States, Li & Fung Ltd (“Li & Fung” or “the Group”, SEHK: 494) today clarified that the Group was acting as buying agent for KB Toys, managing the production … Continued
