Press Release Type: Press Releases

Cloud-based Digital Dock Management Solution reduces waiting time by 90% First step in co-creating digital supply chain solutions for the logistics industry LF Logistics, the logistics arm of Li & Fung, the world’s leading supply chain solutions partner for consumer brands and retailers, and GLP, a leading global investment manager and business builder in logistics, … Continued

Li & Fung Limited (“Li & Fung,” “the Group,” or “the Company;”), the world’s leading supply chain solutions partner for consumer brands and retailers, announced today new leadership appointments following the recent privatization of the Company. With immediate effect, Joseph Phi, Group President, is appointed Group Chief Executive Officer of Li & Fung and Spencer … Continued

Li & Fung Limited (“Li & Fung”), the world’s leading supply chain solutions partner for consumer brands and retailers, announced that Deepika Rana, in addition to her current responsibilities, is appointed to the role of Chief Customer Officer. This newly created position serves to leverage Li & Fung’s global network in 50-plus production markets and … Continued

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

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

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

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

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