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Renowned supply chain management firm, Li & Fung, headquartered in Hong Kong, has recently announced the acquisition of Orrsum, a prominent UK-based supplier specializing in hosiery and underwear. The financial details of the deal remain undisclosed at this…
Li & Fung – a global brand distribution company based in Hong Kong – has teamed up with US apparel brand Sanctuary to create and distribute a new line of women’s denim under a licensing agreement. Sanctuary said the partnership will help the brand expand its…
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…
With the rapid evolution of the retail industry shaped by digital technologies and complex consumer demands, the parent company of Li & Fung Limited, the world’s leading supply chain orchestrator, today launched a new company – LFX – to capitalize on new…
Chinese e-commerce giant JD has invested US$100 million in Li & Fung via newly issued capital as a move to further develop its digital supply chain. The move is expected to assist Li & Fung expands its own business within the Chinese mainland via…
Li & Fung, today announced a strategic investment of US$100 million from JD.com , with newly issued capital to further develop its digital supply chain. The Fung Family will continue to retain control of the Company with 60% of the voting shares. Li & Fung…
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…
Record store closures and bankruptcies in the retail industry dented turnover and profit for supply-chain solutions company Li & Fung. However the company said the results would have been worse had it not been for market-share gains by some of its key…
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…
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…
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…
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…
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…
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…
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…
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,…
