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Tag: li & fung

Retail Asia07/07/2021
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E-Tailing

Li & Fung reveals first private-label brands created for JD

3min0
Li & Fung Limited, the world’s leading supply chain solutions partner for consumer brands and retailers, today announced that as part of a strategic investment made by JD.com in 2020, it is partnering with JD.com to provide end-to-end digital supply chain management services for JD.com’s private brand initiatives. Together, they are creating a multi-category collection […]
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Retail Asia14/05/2020
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Fashion

Li & Fung to delist this month

2min0
The privatization and delisting of Li & Fung Limited is set to proceed this month after 97 percent of shareholders who were not a party to the transaction voted in favor of the move. The key vote paves the way for Golden Lincoln Holdings I Limited, owned by the Fung Family and Singapore-based global logistics […]
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Retail Asia07/11/2019
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Fashion

Li & Fung signs Arctic Ocean shipping pledge

3min0
Supply chain solutions firm Li & Fung has signed a pledge under its logistics business LF Logistics to support an initiative to prohibit shipping through the Arctic Ocean. The initiative was launched by its customer Nike with Ocean Conservancy. Although LF Logistics does not use any Arctic sea routes, the commitment indicates the firm’s willingness […]
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Retail Asia05/09/2019
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General

Retail bankruptcies dent Li & Fung turnover

5min0
Retail bankruptcies and destocking impacted Li & Fung turnover during the first half of this year, but the world’s largest supply-chain solutions provider returned to profit. On a like-for-like basis, turnover decreased 8.4 per cent to US$5.356 million as brands and retailers continued to face pressure on sales and margins. However, those factors were offset […]
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Retail Asia22/07/2019
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Logistics

Li & Fung announces investment of US$300 million by Temasek in LF Logistics

3min0
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 a Subscription Agreement with Temasek, the Singapore-headquartered investment company  (“Temasek”), for a cash consideration of US$300 million for approximately 21.7% stake of its […]
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Retail Asia27/03/2019
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General

Li & Fung Announces 2018 Annual Results

7min0
Li & Fung Limited, the world’s leading supply chain solutions partner for brands and retailers, today announced its annual results for the year ended 31 December 2018. For the year under review, the Company was affected by the rapidly changing retail landscape, with record store closures and customer bankruptcies. Owing to the Company’s investments in […]
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Retail Asia04/02/2019
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Finance

Li & Fung appoints Joseph Phi as new group president

4min0
Li & Fung has appointed Joseph Phi as the company’s Group President. As Group President, Joseph will lead the company’s Supply Chain Solutions operating groups, including Business Development. He will continue as President, LF Logistics and to serve on the Board of Directors of Li & Fung. He will report to Spencer Fung, Group CEO. […]
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Retail Asia03/12/2018
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General

Fung Group launches Explorium in Hong Kong

4min0
Fung group has opened an innovation hub in Hong Kong for co-creating, learning, experimenting and scaling the ideas, opportunities and business models that will shape the future of supply chains. Explorium Hong Kong – taking its name from an earlier project in Shanghai which tested retail technologies – was opened this week with Dr Victor […]
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Retail Asia03/12/2018
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Fashion

LF Beauty rebrands as MEIYUME

3min0
LF Beauty, a one-stop shop partner and supplier of products and solutions for the beauty industry announced that it will now operate under the new brand name of MEIYUME. The rebranding comes to represent the evolution of the company and its response to the rapidly-changing beauty landscape and the changing face of today’s consumer. The new brand positioning […]
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Retail Asia23/10/2018
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General

Li & Fung to have new COO

3min0
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, […]
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Retail Asia14/05/2018
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Fashion

Li & Fung introduces Instant Printed T-shirts

2min0
T-shirts will be the primary focus of a new partnership between retail supply-chain company Li & Fung and US sewing technology company software. The aim is to create a fully digital manufacturing supply chain for apparel and textile products. Softwear’s digital t-shirt Sewbot Workline is fully autonomous and with a single worker produces one complete […]
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Retail Asia28/08/2017
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Fashion

Li & Fung profit jumps to $170 million

5min0
Global supply-chain manager Li & Fung saw its half-year core operating profit jump by 11.9 per cent to US$170 million. Profit attributable to shareholders increased by 51.3 per cent to $101 million, while total margin percentage increased by 0.1 point on a like-for-like basis to 11.5 per cent. Excluding the impact of the strategic divestment […]
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Retail Asia31/03/2017
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General

Asia drags down Li & Fung turnover

2min0
Li & Fung turnover and core operating profit have been hit by a tough retail environment last year, particularly in Asia. However, its resilient performance and cost control saw it improve total margin percentage, while logistics continued double-digit growth Li & Fung turnover in Asia dropped by 36.1 per cent year on year to US$1.3 […]
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Retail Asia03/09/2016
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Research

Silver consumers driving convenience push

5min0
Look for more, but smaller, neighborhood stores, an increase in local delivery trucks and changing store layouts as retailers accommodate aging populations, says The Silver Series IV: Retail Reconfiguration for Seniors. The report is the latest in a series of analyses from Fung Global Retail & Technology on the impact of the growing 65-and-over population […]
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