Core Operating Profit Increased by 70% to US$871 Million Net Profit Increased by 21% to US$755 Million New Three-Year Plan Targets Organic Growth Company Announces Possible Spin-Off and Separate Listing of Brands and Licensing Business Hong Kong, 20 March 2014 – Li & Fung Limited (“Li & Fung,” “the Group,” or “the Company,” SEHK: 494), the … Continued
Hong Kong, 6 January 2014 – Li & Fung Limited (“Li & Fung”, “the Company”, SEHK: 494) today announced the creation of a new business unit to focus more intensely on factory and worker safety following recent tragedies in the garment industry, as well as the on-going needs of its global vendor base. The new business … Continued
Turnover of US$9,129 million at same level as in previous year Core operating profit of US$223 million represents an increase of 1% Overall margin percentage increased from 14.5% to 15.1% Strong operating cash flow of US$217 million on par with 2011 operating level Seasonality and change in business mix has increased skewing of core operating profit … Continued
Core operating profit was down by 42.0% to US$511 million Decline mainly due to costs of restructuring LF USA’s business and reduction?in the number of brands distributed in the US Profit attributable to shareholders decreased by 9.4% to US$617 million Turnover increased by 1% to US$20,222 million, reflecting ongoing strength ?of core trading business Benefits … Continued
Hong Kong, 15 January 2013 – Hong Kong-based Li & Fung Limited (“Li & Fung”, or “the Group”, SEHK: 494), the multinational consumer goods sourcing, distribution, and logistics group, today announced that it has acquired Lornamead Acquisitions Limited and its subsidiaries (“Lornamead”). Lornamead owns and manages a portfolio of traditional and heritage U.S., German and U.K. … Continued
Hong Kong, 2 November 2012 – Hong Kong-based Li & Fung Limited (“Li & Fung”, or “the Company”, SEHK: 494), the multinational consumer goods sourcing, distribution, and logistics group, today announced that it has proceeded with the issue of the Perpetual Bonds and has entered into a subscription agreement with the joint lead managers in relation … Continued
Hong Kong, 1 November 2012 – Hong Kong-based Li & Fung Limited (“Li & Fung”, or “the Company”, SEHK: 494), the multinational consumer goods sourcing, distribution, and logistics group, today announced that it plans to issue perpetual subordinated capital securities in benchmark size (“the Securities”). Funds will be deployed for strategic acquisitions and business development, which … Continued
Hong Kong, October 9, 2012 – Hong Kong-based Li & Fung Limited (“Li & Fung”, or “the Group”, SEHK: 494), the multinational consumer goods sourcing, distribution, and logistics group, today announced it has appointed Ed Lam, MBA, CPA, as Chief Financial Officer in line with expansion of the senior management team to facilitate the group’s organic … Continued
Hong Kong, 9 August, 2012 – Hong Kong-based Li & Fung Limited (“Li & Fung”, or “the Group”, SEHK: 494), the multinational consumer goods export and logistics group, today announced that turnover achieved in the first six-month period ending 30 June 2012 was US$9,128 million, an increase of 4% from US$8,798 million in the first half … Continued
Spencer Fung appointed Group COO Dow Famulak becomes President of LF Europe – continues as President of DSG and LF Beauty Hong Kong, 14 May 2012 – The Board of Directors of Hong Kong-based multinational Li & Fung Limited (“Li & Fung”, SEHK: 494) today confirmed the appointment of Dr William Fung as Group Chairman and … Continued
