Singapore, 16 October, 2015 – LF Logistics (a Li & Fung Company) has scored a double by picking up the Asia Pacific Regional Logistics Service Provider of the Year and Asia Pacific Warehouse Service Provider of the Year awards. The awards were presented to LF Logistics at the 2015 Frost & Sullivan Asia Pacific Best Practices … Continued
Hong Kong, 2 September 2015 – LF Beauty (a Li & Fung Company) today announced the official opening of a new research and development facility in Thailand that has also been awarded LEED® Platinum certification from the U.S. Green Building Council (USGBC). The R&D facility scored 92 out of a total 110 points, the highest score … Continued
Turnover resilient despite deflationary environment and European currencies depreciation Core customers continue to grow and business foundation is solid with strong pipeline for new business Macro environment and global retail disruption present a mix of challenges and opportunities Core operating profit impacted by annualization of operating costs associated with investments Strong growth in Logistics business and … Continued
Joint venture aims to transform China’s retail industry through enhancing supply chain efficiency Deal extends global supply chain into a retail network serving China’s growing middle class Hong Kong, 23 June 2015 – Li & Fung Trading (China) Holdings Ltd., a wholly-owned subsidiary of Li & Fung Limited (“Li & Fung”, “the Company”, SEHK: 494), today announced … Continued
Hong Kong, 30 March 2015 – LF Beauty (a Li & Fung company) and Cosmecca Korea Co,. Limited (“Cosmecca”) have signed a memorandum of understanding (MoU) to collaborate on the research and development and manufacturing of beauty and skincare products for brands and retailers worldwide. As part of the agreement, LF Beauty and Cosmecca will leverage … Continued
2014 a year of transition and investment to position the business for future growth Turnover increased by 1.4% driven by continued growth of core customers in Trading and high growth in the Logistics business Heavy promotions by retailers and shift in mix of business impacted margins across supply chains Core operating profit decreased by 18% … Continued
Successful spin-off of Global Brands Simplification of business back to core business of sourcing and logistics Leadership transition and investments in 2014 set the stage for organic growth Hong Kong, 21 August 2014 – Li & Fung Limited (“Li & Fung”, “the Group”, or “the Company”; SEHK: 494), the world’s leader in consumer goods design, development, … Continued
Hong Kong, July 9, 2014 – Li & Fung Limited (“Li & Fung”, “the Group”, or “the Company”, SEHK: 494), the world’s leading multinational consumer goods sourcing, logistics, and distribution group, today announced the successful completion of the spin-off and separate listing of Global Brands Group Holding Limited, SEHK: 787 (“Global Brands”) on the Main Board … Continued
The spin-off will proceed and the record date of the Global Brands Group will be July 7, 2014 Bruce Rockowitz will officially resign from the Group and start full time as the CEO of the Global Brands Group on July 7, 2014 Spencer Fung will become the new CEO of Li & Fung on July … Continued
Separating Li & Fung and Global Brands Group into two distinct companies will deliver benefits to both businesses as they grow If spin-off occurs, Bruce Rockowitz will become Chief Executive Officer of the new entity and Spencer Fung will assume the Chief Executive Officer role at Li & Fung Hong Kong, 21 May 2014 – Li … Continued
