li & fung

Retail Asia11/07/2016

Li & Fung Group subsidiary LF Beauty is seeking to cash in on soaring demand for beauty products in Mainland China and wider Asia. China’s skincare and cosmetics market is projected by the Hong Kong Trade Development Council to grow by an average annual rate of of 12.8 per cent from this year through 2019 […]

Retail Asia30/03/2016

Hong Kong-listed global supply chain management company Li & Fung has proved nimble weathering one of the most challenging retail environments for many years. Yet despite an overall increase in trading volume, its revenue for the year ended December 31 fell 2.4 per cent to US$18.8 billion for the year. Mainly servicing US and EU […]

Retail Asia21/03/2016

Global exporter Li & Fung Ltd’s full-year profit fell 4.6 percent but beat analysts’ estimates, as growth in its logistics and vendor support services business helped overcome headwinds from global retail disruption and macro environment. The Hong Kong-based company, which grew to prominence by making clothing and toys in Asia for Western retailers, said on Thursday its net profit for the […]

Retail Asia21/03/2016

Hong Kong-listed Li & Fung, which supplies products from China for international groups including Walmart, has warned that the global retail market will remain weak this year as deflation continues to weigh on Chinese factories. The world’s largest sourcing company by revenue is a barometer for the state of global trade and the Chinese manufacturing […]

Retail Asia29/06/2015

Wangfujing Division Retailer, Bailian Group and Li & Fung plan to launch a 300-strong chain of retail shops in China in a three-way three way partnership. The businesses say they plan to “rework China’s retail business” by way of enhancing provide chain effectivity. Li & Fung Buying and selling (China) Holdings, a wholly-owned subsidiary of […]

Retail Asia24/06/2015

Global exporter Li & Fung Ltd has formed a joint venture with two Chinese department store operators, with the aim of setting up as many as 300 stores and developing its own private labels, the Hong Kong firm said on Tuesday. The firm will own 20 percent of the joint venture, while Beijing Wangfujing Department […]

Retail Asia27/05/2015

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Walmart, the world’s largest retailer, says it can take in-house a few of the inventory sourcing it has beforehand contracted out to Li & Fung subsidiary Direct Sourcing Group. It expects by dealing with its personal sourcing, it should scale back prices in its provide chain. Wal-Mart stated in a press release: “We have now […]

Retail Asia25/03/2015

Li & Fung subsidiary Trinity, which retails high-end menswear Greater China and Europe, has weathered a stagnant home market in 2014. The company posted revenue of HK$2.6 billion (US$335.2 million) and the gross profit was HK$1.9 billion ($244.95 million). The gross profit margin was 74.1 per cent representing a 1.4 percentage point decline due to […]

Retail Asia24/03/2015

Li & Fung has blamed an 18 per cent slide in annual profit on tighter retail margins and transitional costs associated with repositioning the business. Turnover for the internationally renowned consumer goods design, development, sourcing, logistics and retail business rose 1.4 per cent, driven by growing customer bases in its trading and logistics arms. But […]

Tag: li & fung

LF Beauty to exploit Asian beauty boom

Li & Fung proves nimble

HK’s Li & Fung 2015 profit down, but beats forecast

Li & Fung cautions on weak outlook for global retail

Wangfujing, Bailian to launch 300 retailer China chain

Li & Fung sets up China retail JV

Walmart reduces Li & Fung reliance

Trinity weathers stagnant China market

Li & Fung takes profit hit