Li & Fung earlier this month sold its sweater, furniture and beauty businesses for US$1.1 billion to a consortium that includes the company owners, the Fung family and Chinese private equity group Hony Capital. Photo: Reuters
Peter Guy
Opinion

Opinion

Mind the Gap by Peter Guy

Outdated Li & Fung must invoke Cortez – ‘burn its ships’, march forward and reinvent itself

But does the century-old company have what it takes to adapt and succeed in a brutally competitive international environment

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Li & Fung earlier this month sold its sweater, furniture and beauty businesses for US$1.1 billion to a consortium that includes the company owners, the Fung family and Chinese private equity group Hony Capital. Photo: Reuters
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