Shares in Li & Fung plunged to a new low of HK$9.93 yesterday after the company lost another contract from a US client, renewing fears that the biggest distribution and trading company in Hong...
- Mon
- Mar 4, 2013
- Updated: 7:13pm
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Li & Fung
Li & Fung is a Hong Kong-based global trading group, that supplies high-volume, time-sensitive consumer goods, and is a major customer of global retail giant, Wal-Mart. Garments make up around two-thirds of the Li & Fung business which also covers the sourcing of hard goods such as fashion accessories, furnishings, gifts, handicrafts, home products, promotional merchandise, toys, sporting goods and travel goods. Key officials are William Fung, executive chairman, and Bruce Rockowitz, president and chief executive.
5 Feb 2013
The force is weak in them. Even the combined powers of Yoda's light-sabre lip balm, Bob the Builder t-shirts and Jennifer Lopez bras haven't been enough to lift Li & Fung's sagging earnings....
16 Jan 2013
Wal-Mart Stores will buy an additional US$50 billion in US-made products over the next decade in what it called a bid to help boost the US economy, although the announcement is unlikely to appease...
14 Jan 2013
Analysts cut their targets for Li & Fung's share price after the company surprised them with a profit warning.
We have alluded in recent days to poor forecasting of financial indices and stocks by the broking industry. That has prompted the arrival of a couple of reports showing rather good forecasting...
Li & Fung says net profit for last year will not exceed that of the previous year and core operating profit will in fact drop 40 per cent, worse than analysts' estimates.
"This is worse...
The first woman to break through to become president of the Hong Kong Institute of Certified Public Accountants says women are poised to play an increasingly important leadership role in the...
Li & Fung has pledged more than HK$9,000 to each family of the victims of a fire at a Bangladeshi garment factory that killed at least 124 people.
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At least 112 people were killed yesterday when a fire tore through a Bangladesh garment factory that made clothes for a Hong Kong firm, forcing workers to jump from high windows to escape smoke...
Rescue workers in Bangladesh recovered 109 bodies after a fire tore through a garment factory that made clothes for international brands including Hong Kong-based Li & Fung, forcing many...
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