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 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
Partnership leverages Softwear Automation’s revolutionary SEWBOT® technologies to accelerate the full digitization and automation of the manufacturing process Hong Kong, 8 May 2018 – 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 announced it has entered into … Continued
Three-Year Plan (2017- 2019) is on track with a strong start in its first year Core Services Segment of supply chain solutions and logistics businesses delivered solid growth of 21.8% in core operating profit Global network of 15,000 suppliers in over 40 markets well-positioned to absorb any shock from trade uncertainty Strategic divestment of three … Continued
Partners Hold a Reception in Hong Kong to Commemorate the Launch of an Asia Tour for One Earth –One Ocean’s SEEKUH, a Catamaran that is Cleaning Ocean’s Around the WorldHong Kong, 1 February 2018 – Li & Fung Limited (“Li & Fung”,” SEHK: 494), the world’s leading supply chain solutions partner for consumer brands and retailers, … Continued
99.94% of the independent shareholder votes were in favor of the strategic divestment Further simplifies business to focus on core competencies Special dividend of US$520 million to return to shareholders Remaining proceeds of US$580 million to further strengthen capital structure to build the supply chain of the future Hong Kong, 31 January 2018 – Li & … Continued
Strategic divestment of three product verticals for US$1.1 billion Further simplifies business to focus on core competencies Special dividend of US$520 million to return cash to shareholders Remaining US$580 million to further strengthen capital structure and build the supply chain of the future Hong Kong, 14 December 2017 – Li & Fung Limited (“Li & Fung”,” … Continued
Hong Kong, 5 January 2009 – In response to media enquiries relating to the recent filing for Chapter 11 bankruptcy protection by KB Toys in the United States, Li & Fung Ltd (“Li & Fung” or “the Group”, SEHK: 494) today clarified that the Group was acting as buying agent for KB Toys, managing the production … Continued
