Hong Kong, 1 June 2017 — Li & Fung Limited (“Li & Fung,” “the Group,” or “the Company;” SEHK: 494), the world’s leader in consumer goods design, development, sourcing and logistics, today held its Annual General Meeting in Hong Kong. During the meeting, all shareholder resolutions were approved and adopted. The shareholders received and adopted … Continued
Goal is to create the Supply Chain of the Future The focus is on speed, innovation and digitalization to help brands and retailers navigate the digital economy Hong Kong, 30 March 2017 – Li & Fung Limited (“Li & Fung,” “the Group,” or “the Company;” SEHK: 494), today will host an Analyst Day in its headquarters to … Continued
Turnover and Core Operating Profit negatively impacted due to tough retail environment Despite challenges, resilient performance with improved total margin percentage and cost control Logistics continued double digit growth with e-commerce logistics outperforming Raised US$1 billion through strategic divestment and perpetual securities issuance New Three-Year Plan (2017-2019) is focused on speed, innovation, and digitalization to … Continued
Hong Kong, 24 March 2017 – Li & Fung Limited (“Li & Fung,” “the Group,” or “the Company;” SEHK: 494), the world’s leader in consumer goods design, development, sourcing and logistics, today announced that they have entered into agreements for a new supply chain relationship with PVH Corp. The agreements transform the current non-exclusive buying agency … Continued
Li & Fung Announces 2016 Interim Results Macro and retail environment continues to be difficult Logistics sustained growth momentum; Vendor Support Services (VSS) ahead of plan Successful divestment of Asia distribution business for US$350 million Next Three-Year Plan (2017-2019) will focus on speed, innovation and digitalization of the supply chain Hong Kong, 25 August 2016 – … Continued
Shanghai, 23 May 2016 – LF Beauty, a division of Li & Fung, the world’s leader in consumer goods design, development, sourcing and logistics, today launched a series of immersive experiences for beauty brands in Asia. The Creative Days concept event (“Creative Days”) took place at LF Beauty’s China headquarters in Shanghai. The event followed a … Continued
Hong Kong,19 May 2016 — Li & Fung Limited (“Li & Fung,” “the Group,” or “the Company;” SEHK: 494), the world’s leader in consumer goods design, development, sourcing and logistics, 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 … Continued
Li & Fung continues to simplify its overall business to focus on trading and logistics Hong Kong, 3 May 2016 – Li & Fung Limited (“Li & Fung,” or “the Company;” SEHK: 494), the world’s leader in consumer goods design, development, sourcing and logistics, today announced it has signed a Sale and Purchase Agreement to sell … Continued
Largest automated and customs bonded distribution facility in Singapore set to tap into booming e-commerce industry and serve as logistics hub for Asia and the world Hong Kong, 26 April 2016 – LF Logistics (a Li & Fung Company) today opened its one million square foot logistics facility in Singapore. The new center is designed to tap into … Continued
Turnover resilient despite deflationary environment and structural changes at retail Reorganized to deliver innovation, product differentiation and focused customer solutions Second half operating costs were flat despite long-term investment in infrastructure, Logistics and Vendor Support Services Trading unit volume increased overall due to strength of multi-channel sourcing strategy Logistics delivered 15% growth and Vendor Support … Continued
