Investment to accelerate LF Logistics’ strong growth momentum Proposed spin-off IPO of LF Logistics is postponed until further notice Post completion, Temasek will hold 21.7% and Li & Fung, the controlling shareholder, with 78.3% Li & Fung Limited (“Li & Fung,” “the Group,” or “the Company;” SEHK: 494), the world’s leading supply chain solutions partner … 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 held its Annual General Meeting in Hong Kong. During the meeting, all shareholder resolutions were approved and adopted. The shareholders received and adopted the Audited Consolidated Financial Statements … Continued
Core Operating Profit decreased 20% to US$285 million due to challenges in Supply Chain Solutions business New management team in place to accelerate turnaround and digital transformation Leadership in end-to-end 3D virtual design is disrupting traditional supply chains Logistics business continues strong organic growth with COP up 15% Strategic divestment of Product Verticals for US$1.1 … Continued
Li & Fung has appointed Joseph Phi as the company’s Group President. As Group President, Joseph will lead the company’s Supply Chain Solutions operating groups, including Business Development. He will continue as President, LF Logistics and to serve on the Board of Directors of Li & Fung. He will report to Spencer Fung, Group CEO. … Continued
Li & Fung has appointed Darren Palfrey as the company’s Chief Digital Officer (CDO). 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. As CDO, Darren’s primary focus will be to realize Li & … Continued
Weizhong Zhu (“Wilson”) has joined Li & Fung as Chief Operating Officer (COO) and will lead operations across all Li & Fung’s 40+ production countries. As Li & Fung pushes ahead on its digital supply chain strategy to build the Supply Chain of the Future, Wilson will focus on strengthening the Company’s production platforms globally, … Continued
Exceeded Three-Year Plan targets in 2017, but 2018 is challenging due to continued destocking, store closures and bankruptcies Profit attributable to shareholders (like-for-like) down 19% Divestment of Product Verticals brought in US$1.1 billion of cash Trade war has minimal impact on our business and mitigated by our 50+ countries of production Announced an aggressive plan … Continued
Part of a capital structure optimization process. Following the redemption, the Securities will be cancelled and delisted from the official list of the Singapore Exchange Securities Trading Limited.
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 held its Annual General Meeting in Hong Kong. During the meeting, all shareholder resolutions were approved and adopted. The shareholders received and adopted the Audited Consolidated Financial Statements … 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 joins leading voices from across the fashion industry as a strategic partner at the Copenhagen Fashion Summit, an event hosted by one of the world’s premier non-profit sustainability-in-fashion … Continued
