The Hong Kong sourcing specialist has recorded a turnover of 19 billion dollars, up 1.4% for its 2014 fiscal year. The fiscal period was marked by the spin-off of its clothing business, reorganized as part of Global B...
The Hong Kong apparel company, a spin-off of Li&Fung, generated a turnover last year of 3.45 billion dollars, representing a 5% increase. Profit before taxes, meanwhile, grew by 14.7% to 309 million euros.
Belgian leather goods company Delvaux, which was acquired by the Chinese group Fung in 2011, has named Christina Zeller, who has served as product and merchandising director for the past three years, its new artistic ...
May Trading, the British retail supplier, for chains like Primark, Topman and Next, has been acquired by Hong Kong Li&Fung. Which means that Li&Fung now holds three retail suppliers via European Apparel Group.
President of the menswear brand since 2011, the French executive has left the Italian house owned by Chinese company Trinity (Li & Fung Group) to pursue personal projects. Richard Cohen, CEO of Trinity, is her successor.
Petit Bateau will be entering the Chinese market, with its children's clothing, for the first time, thanks to the signing of a partnership with Fung Retailing which anticipates the opening of the first stores in 2015.
China's former richest man Wang Jianlin once bet Alibaba founder Jack Ma 100 million yuan ($16.3 million) that online purchases in the country would not eclipse bricks-and-mortar buys in the next decade.