Apparel Sourcing Intelligence - Worldwide

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...

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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...

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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...

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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...

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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...

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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...

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21st February 2013

Is Li and Fung a good business to source from?

If you think the way stock markets do, Li and Fung (L&F) is currently an awful company to get involved with. If you think the way garment buyers do, recent...

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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...

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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...

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7th October 2012

Li & Fung to buy Zara supplier?

Li & Fung is in advanced talks to buy Synergies Worldwide, a sourcing agent whose operations include original designs for Inditex, Reuters reported on October 4.Though New York based, Synergies'...

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24th September 2012

Accounts differ on Walmart/Li&Fung deal

Li & Fung senior management dismissed as "not true" a claim by the Wall Street Journal (WSJ) that Walmart had cancelled most the arrangements between the companies announced in early...

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28th October 2011

All sales are local

In the late October 2011 FlanaRant, we took issue with Li & Fung's assertion that "there's "a total shift in how the supply chain operates. You'll be sourcing everywhere and...

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