• Thu
  • Jul 24, 2014
  • Updated: 2:28pm

Victor Fung

Li & Fung needs to focus on its core businesses - and get rid of the rest

Investors should be sceptical of any company that heavily depends on a strategy driven by acquisitions and restructuring, but Li & Fung's appetite for deal-making, which chief executive Bruce Rockowitz claims offers "huge synergies", is looking less credible by the year.

Friday, 4 April, 2014, 12:27am 8 comments

China's portion of manufacturing set to decrease

The global supply chain is evolving and the models established during the past 30 years might change, said Victor Fung, chairman of the Fung Group, at a forum held yesterday by the Central Policy Unit and the National Academy of Economic Strategy, an economic think tank under the Chinese Academy of Social Sciences.

13 Sep 2012 - 3:00am

Li & Fung upbeat about exports despite gloom

Li & Fung, whose customers include major retailers like Wal-Mart, said the slowdown in China's export growth had not yet affected its business, which was sourcing more high-value products from the mainland for export to Western markets.

15 May 2012 - 12:00am

Kent & Curwen Cup's special visitor ensures everyone has a right royal time

The annual Kent & Curwen Centenary Sprint Cup added much-needed colour to the gloomy weekend at the Sha Tin racecourse. The brand designed the equestrian uniforms for the 2012 London Olympics, and to highlight its ties to the British horse racing circuit, invited Peter Phillips, Queen Elizabeth's oldest grandson, to the event.

17 Jan 2012 - 12:00am

Parents hit at mass sackings by school board

The row over a boardroom coup at the prestigious Chinese International School has escalated as a group of disgruntled parents has started to raise questions about the mass sackings.

3 Oct 2011 - 12:00am

Ousted school founder attacks governors

One of the three founders of the exclusive Chinese International School who was removed from its charitable foundation in a boardroom coup is demanding that she be reinstated, along with the other 25 people dismissed with her.

13 Sep 2011 - 12:00am

Events

Today: Canadian Chamber of Commerce lunch: 'The UK Bribery Act 2010'. Kinwick Centre, Central.

Hong Kong Securities Institute lunch: 'China's economic outlook and RMB internationalisation'.

Tomorrow: Hong Kong Productivity Council and Hong Kong SME Forum joint afternoon seminar: 'Hong Kong airport and export trade'. HKPC Building.

3 Aug 2011 - 12:00am

Li & Fung to lay off 40 staff in Hong Kong

Li & Fung has confirmed it will lay off 40 employees in its Hong Kong headquarters even though its chief executive said a few weeks ago that it would not sack anyone in the near future.

29 Jul 2011 - 12:00am

Well served by a change of game

He may have been born in Canada and raised in Boston, but after 32 years here Bruce Rockowitz sees himself as a Hong Kong native.

25 Jun 2011 - 12:00am

Brother replaces brother at Li & Fung

Victor Fung Kwok-king (right), the chairman of trading house Li & Fung, is to pass the helm to his brother in a management reshuffle that will push ahead an aggressive three-year business plan.

Managing director William Fung Kwok-lun was elevated to executive deputy chairman yesterday and will take the chairman's post at the annual shareholders meeting next year.

19 May 2011 - 12:00am

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