13th February 2017
Li&Fung dropped from stock index of Hong Kong’s leading firms
Li&Fung will be dropped from Hong Kong's Han Seng index of leading quoted businesses from March 6, the index compilers announced on February 12. The delisting - which has no...
30th July 2015
UK makes supply chain transparency mandatory for almost all businesses. Wherever they are
In our view, the UK government's Modern Slavery Act has profound implications for virtually all major garment buyers, sellers and manufacturers - however small their UK sales are. The UK...
20th June 2014
Li & Fung visit does not overcome growing security fears over Kenya’s “800,000 new jobs” garment ambitions
Though it became sub-Saharan Africa's largest garment provider to the West in 2013, Kenya's belief an export-focussed garment industry can create 80,000 new jobs now appear threatened by an upsurge...
7th January 2014
Li & Fung turns factory support services into business unit
Li & Fung announced the launch of a Vendor Support Services business unit on January 6, as it continues to diversify its revenue from buyer-paid commissions on procurement and improve...
25th June 2013
Other buyers reveal little about moving out of Bangladesh
Though practically no buyers have publicly admitted reducing orders in Bangladesh, it is generally assumed many will. "The risk factors have jumped off the charts," said Julie Hughes, president...
25th June 2013
“Muckraking” cost analysis attempts demonstrate intractability of pricing
According to Bloomberg, Li& Fung makes twice as much on a pair of jeans made in Bangladesh and sold in Asda as Walmart does. Walmart’s comments to Li & Fung...
20th February 2013
Li & Fung “worst performing shares” after Walmart email leak
Li & Fung (L&F) shares lost half their value between March 2012 and February 2013, making the company the worst performer on the Hang Seng Index after a collapse in...
11th February 2013
Fifth and Pacific move distribution inhouse from Li & Fung
On February 8, Fifth and Pacific (F&P) announced through a US regulatory filing the end of its US warehousing and distribution agreement with Li & Fung (L&F) as from January...