Li & Fung Limited (“Li & Fung,” or “the Company;”), the world’s leading supply chain solutions partner for consumer brands and retailers, announced the successful pricing of a new US$300 million five-year medium-term note at an interest rate of 4.5%. The new issuance is in the form of Drawdown Notes under the Company’s Medium-Term Note … Continued
Li & Fung (“Li & Fung”, “the Group”, or “the Company”), today announced a strategic investment of US$100 million from JD.com (“JD”) , with newly issued capital (at HK$1.25 per share) to further develop its digital supply chain. The Fung Family will continue to retain control of the Company with 60% of the voting shares. … Continued
Li & Fung successfully completes privatization process The Fung Family remains controlling shareholder of Li & Fung Li & Fung to undertake long-term transformation of its business Li & Fung Limited (“Li & Fung”, “the Group”, or “the Company”), announced the Company will delist from the Hong Kong Stock Exchange (“HKEX”) 4pm today, which marks … Continued
97.14% of the total number of shares voted by disinterested shareholders were in favor Shareholders will be paid HK$1.25 per share in cash representing a premium of 150% Li & Fung’s listing on the Hong Kong Stock Exchange is expected to be withdrawn on 27 May 2020 The Fung Family will remain the controlling shareholder … Continued
Core Operating Profit declined by 23% and net profit to shareholders returned to positive Temasek’s US$300 million investment in LF Logistics and bond refinancing further strengthened balance sheet and capital structure US$932 million cash balance and over US$1.5 billion banking facilities provide adequate financial flexibility New management team improved NPS score and generated record market … Continued
Industry-leading digital pre-season consumer testing to increase product success rates and reduce markdowns for brands and retailers Li & Fung Limited (“Li & Fung”; SEHK: 494), the world’s leading consumer goods supply chain solutions partner, and First Insight, Inc., the technology company transforming how brands make product investment, pricing and marketing decisions, today announced a strategic … Continued
Li & Fung Limited (“Li & Fung,” “the Group,” or “the Company;” SEHK: 494), the world’s leading supply chain solutions partner for consumer brands and retailers, announced that LF Logistics, the Company’s logistics business, has signed a pledge to support an initiative launched by its customer, Nike, and Ocean Conservancy to prohibit shipping through the … Continued
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).
Temasek’s US$300M investment in LF Logistics at US$1.4B valuation to accelerate the growth of our logistics business and strengthen capital structure of the Group Group turnover declined 8.4% but stabilizing as a result of improvement in operations and customer engagement Core Operating Profit at US$105M; Net profit swung back to positive Restructured global sourcing network … Continued
Li & Fung Limited (“Li & Fung,” “the Group,” or “the Company;” SEHK: 494), the world’s leading supply chain solutions partner for consumer brands and retailers, today announced the successful completion of US$300 million investment in LF Logistics by Temasek. This values LF Logistics at approximately US$1.4 billion. The investment will allow the Company to … Continued
