773:
696:, and Li & Fung. Following the incident, Li & Fung acknowledged having contracts with Tarzeen valued at $ 175,000 and committed to providing compensation of US$ 1200 to each of the victims' families. Additionally, the company also announced initiatives to support the affected families further, including the establishment of an education fund for the victims' children. In January 2014, the company announced it would provide factories with consulting services, financing, and insurance to help meet safety standards.
363:
factors such as an influx mainland
Chinese, low taxation, economic stability, minimal restrictions, and a port infrastructure catalyzed the burgeoning export sector. The textile industry, in particular, saw rapid growth, making Hong Kong a leading exporter of textiles by the 1960s. Despite the societal challenges that surfaced in the mid-1960s, the export sector, including, Li & Fung's garment export business, continued to thrive, solidifying the company's position as a key player.
759:
644:(SAC) and has been involved in the development of the Higg Index. The Index is a tool for organizations to standardize the measurement and evaluation of the environmental performance of apparel products across the supply chain at the brand, product, and facility levels. Li & Fung has provided consultation services to assist vendors in upgrading factories to meet the evolving demands of the supply chain complexity and compliance."
29:
38:
359:, establishing its first branch office outside mainland China. Despite Li divesting his shares in 1946, the company retained its original name despite prevalent regional corporate norms. Shortly after, the Guangzhou branch was closed, and the employees were relocated to the company's main office in Hong Kong. By the late 1940s, Li & Fung was responsible for exporting 30% of Hong Kong's rattan furniture.
745:
721:
period, the increase in revenue was criticized as insufficient relative to the investments, noting only a 30% growth in the top line. Peter Guy of the South China
Morning Post further criticized the company's strategy, suggesting that the anticipated synergies from acquisitions failed to materialize and advocated for a return to focusing on the core competencies of Li & Fung.
480:
Ltd., with plans to open 300 stores. In 2016, Li & Fung divested its LF Asia
Distribution, its consumer and healthcare distribution business, to Dah Chong Hong for US$ 350 million. By the end of the company's 2014-2016 strategic plan, the company experienced a decline in revenue and profit for three consecutive years with a notable 47% decrease in profit in 2016.
729:
whether the deduction of a marketing commission paid to its holding company in the
British Virgin Islands from onshore profits violated anti-avoidance regulations stipulated in sections 61 and 61A of the Inland Revenue Ordinance. The Board of Review decided in Li & Fung's favor in the first issue, and for the Commissioner in the second; the case was settled.
444:, to the board of directors, later becoming president of Li & Fung (Trading) Limited, the Group's principal trading subsidiary. The company further diversified its portfolio through acquisitions in various sectors, including fashion, logistics, and retail, notably acquiring Tommy Hilfiger's global sourcing operations in 2007.
315:
aftermath of incidents in
Bangladesh. Amid its strategic development, the company has also faced allegations of non-payment to suppliers. Despite these challenges, Li & Fung remains a key player in the global supply chain management sector, continuously adapting to the ever-changing landscape of global trade and retail.
732:
On May 12, 2020, 97.1% of the minority shareholders approved of the company's privatization plan. Li & Fung
Shareholders who opposed the deal filed a complaint with Hong Kong's Securities and Futures Commission (SFC) to investigate whether Li & Fung's May 12 shareholders meeting was conducted
711:
Criticism has been directed towards Li & Fung and similar companies over their negotiation practices, which some argue contribute to cost-cutting measures by factories that compromise safety and labor conditions. Additionally, activists have criticized the company for its role in perpetuating low
703:
building, which housed five garment factories also led to loss of life. Li & Fung noted that it had neither operations nor orders with any of the factories located at Rana Plaza at the time of the collapse. The two incidents, however, drew global attention to the working conditions in the garment
663:
In March 2023, Li & Fung introduced a partnership with Happy
Returns, deploying Return Bars in over 1,100 Hibbett Sports and City Gear stores. The arrangement facilitates in-person returns for online purchases and aims to reduce cardboard waste and greenhouse gas emissions. Additionally, Unifi3d,
533:
The Li & Fung
Foundation, originally established as the Fung Foundation in 2006 on the centennial of its parent company, has been an active contributor to the communities where the Fung Group operates. The foundation's charter is to promote sustainable development and improve the lives of the of
428:
The same year marked the introduction of the Three Year Plan, where executives set three-year goals reflecting the anticipated business environment. This strategic planning framework was designed to maintain consistent objectives, even as tactics might adapt over time. A Harvard
Business School study
424:
Li & Fung's decision to go public in 1973 was aimed at enabling family members to gain financially from the company's success without direct involvement in its operations, while still retaining the majority of the shares (75%). In 1989, the Fung
Brothers initiated a management buyout to privatize
332:
by Fung Pak-liu, an English teacher, and Li To-ming, a local merchant whose family owned a porcelain shop. The company name, derived from the founders' surnames, signifies "profit" (Li) and "plentiful" (Fung), reflecting the founders' aspirations. During the early 1900s, Li & Fung emerged as the
659:
In July 2021, Li & Fung partnered with Canopy, an environmental organization, to use circular and next-generation alternative materials in their packaging solutions and engage with their brand and retail customers on sustainability practices. The partnership is part of Li & Fung's efforts to
519:
In September 2022, Moody's Investors Service announced a review of Li & Fung Limited's credit rating for a potential downgrade. The announcement highlighted ongoing concerns regarding the company's restructuring efforts and the sale of LF Logistics to Maersk. Although there was an expectation of
302:
In response to challenges, including the US–China trade tensions and the COVID-19 pandemic, Li & Fung announced privatization plans in March 2020 and was subsequently delisted from the Hong Kong Stock Exchange. The move was aimed at expediting the restructuring and technology investments needed
583:
Collaboration with Captivating International, a Hong Kong–based charity that focuses on helping schools that serve children living in poverty. Through this partnership, the Li & Fung Foundation provided sewing machines and matched employee contributions to the Seng Girls Vocation School Program
432:
Following its relisting on the Hong Kong Stock Exchange in 1992, under the leadership of the Fung Brothers, Li & Fung embarked on a series of strategic acquisitions aimed at expanding its global footprint and service offerings. This included the acquisition of Inchcape Buying Services (formerly
728:
In 2020, the Inland Revenue Department of Hong Kong examined Li & Fung Trading (LFT) for two primary issues: The first concern was whether the profits derived from goods sourced outside of Hong Kong, Mainland China, and Macau should be exempt from the profits tax. The second issue examined was
720:
Li & Fung has faced criticism for its growth by acquisition strategy. A 2014 Financial Times opinion piece highlighted that from 2006 to 2014, the company's acquisition-related expenditures reached approximately US$ 7 billion. While revenue grew from US$ 4 billion to US$ 16 billion within this
651:
Between 2011 and 2014, Li & Fung supported CARE International's Hemaya project. The project aimed to empower women working in garment factories in Qualified Industrial Zones (QIZs) around the northern cities of Irbid, Al Mafraq and Az Zarqa, where many textile factories are located. The Hemaya
647:
In 2012, through the Fung Group, Li & Fung began collaborating with the Business for Social Responsibility (BSR) to train female workers in Bangladeshi factories on health, nutrition, and financial planning. This initiative was later expanded to include Cambodia, India, and Vietnam, broadening
400:
In the 1970s, Western retailers began importing directly from Asian manufacturers. In response, Li & Fung shifted from playing the traditional broker role to becoming a manufacturing partner. The strategic pivot involved offering services that included design, identifying suppliers for fabrics
503:
In 2020, the Fung Family completed the privatization of Li & Fung, acquiring it at a value notably lower than its historical peak. This transition was followed by a comprehensive restructuring of the company, which involved a significant reduction in its global workforce. These layoffs led to
479:
To expand its logistics operations, in 2014, the company acquired China Container Line, a freight forwarding company. In 2015, Li & Fung sought to expand its retail presence in China through a joint venture with Beijing Wangfujing Department Store Group Co. Ltd. and Shanghai Bailian Group Co.
415:
In May1987, the Gap, a major client, established a merchandising office in Hong Kong. On October 19, 1987, stock markets around the world crashed, highlighting the interconnectedness of financial markets. Amid these setbacks, Li & Fung moved to privatize the company; the management buyout was
290:
company. Established in 1906, the company became publicly traded in 1973 and has since played a significant role in manufacturing apparel, toys, and various consumer goods for major North American and European retailers. Significant growth occurred after its public listing, reaching a peak market
362:
The 1950s brought significant changes with the United Nations trade embargo on China, promoting Hong Kong's shift to manufacturing textiles, plastics, electronics, clocks, watches, and toys. This shift was fueled by industrialists from mainland China who brought technology and capital, alongside
618:
In February 2020, in response to widespread shortages, Circle K stores gave away 100,000 surgical masks to Hong Kong residents 65 years and older. Circle K at the time was operated by CRA Convenience Retail Asia Limited, a subsidiary of Li & Fung; the company sold its 340 Circle K stores in
437:), a UK-based sourcing company, in 1995, which extended Li & Fung's sourcing network to the Indian subcontinent, the Mediterranean, and the Caribbean. In 1999, Li & Fung acquired two of its major competitors: Swire & Maclaine, a UK-based logistics company, and Camberley Enterprises.
314:
Throughout its history, Li & Fung has navigated through various criticisms and controversies, including labor issues and challenges related to its growth strategy. Notably, the company has engaged in initiatives to improve factory safety standards and working conditions, particularly in the
310:
Throughout the 1990s and 2000s, Li & Fung pursued an aggressive acquisition strategy, significantly expanding its global presence and service offerings. This period of rapid expansion was followed by a strategic focus on core competencies in sourcing, trading, and logistics in the 2010s, in
306:
The company's history is characterized by its expansion and diversification of its service offerings across various industries. Founded by Fung Pak-liu and Li To-ming, the company initially engaged in exporting porcelain before diversifying into other products and establishing itself as a major
626:
reported a rumor that Li & Fung dismissed 70 Percent of procurement staff. The next day, the same publication reported that Li & Fung admitted that COVID-19's impact on global retail was forcing the company to adjust staffing levels but that the total percentage across all units in all
515:
In December 2021, LF Logistics, a subsidiary of Li & Fung, was acquired by the global container shipping company Maersk for US$ 3.6 billion in an all-cash transaction. This deal raised questions among some of Li & Fung's former minority shareholders, who sought an investigation by the
707:
In response to the growing concerns over safety standards in the garment industry, Li & Fung also became a signatory of the Accord and Alliance for Safety in Bangladesh RMG, initiatives aimed at improving factory conditions. These agreements were part of a collective effort by industry
467:
In 2014, Spencer Fung was appointed Group CEO, succeeding Victor Fung, with Marc Compagnon taking on the role of Group President. That year, Li & Fung executed a strategic division of its operations, spinning off its global brands and licensing business through a stock split.
655:
In February 2019, Li & Fung became an Associate Partner of the Global Fashion Agenda (GFA), joining other companies such as Everlane, G-Star Raw, and Selfridges Group. The partnership aims to address environmental performance and sustainability in the fashion industry.
490:
The years 2018 and 2019 witnessed a downturn in Li & Fung's core operating profit, with a 20% reduction in 2018, exacerbated by a 22% decline in 2019 due to store closures, customer bankruptcies, and margin pressures. Despite these challenges, in 2019, Singapore-based
652:
initiative is a component of CARE Jordan's broader strategy to promote linkages between local employment opportunities and the local female workforce, in response to Jordan's notably low rate of female participation in the workforce -- one of the lowest in the world.
464:" saw traditional retail facing unprecedented challenges. In response, Li & Fung embarked on a series of strategic moves and investments in technology. Nonetheless, the impact on Li & Fung's business led to a 95% loss in market value between 2011 and 2020.
476:, listed on the Hong Kong Stock Exchange in July 2014. The move was aimed at focusing on the company's core competencies in sourcing, trading, and logistics, a pivot from the company's previous growth strategy focused on mergers and acquisitions.
609:
A separate philanthropic organization, the Victor & William Fung Foundation promotes leadership through scholarships and fellowships. The Fung Scholars program supports more than 6,000 scholars and fellows across 31 universities worldwide.
511:
In April 2021, a separate and new company called LFX was announced with the CFO of Li & Fung taking the helm in the new company. The new company would focus on offering digital solutions and services across the consumer goods supply chain.
307:
exporter from Hong Kong in the 1970s. The company evolved from a traditional broker to a comprehensive supply chain solutions provider, offering services from design to logistics, which solidified its relationships with Western retailers.
459:
The global retail landscape revolution that began in 2010 intensified in the latter half of the decade. The rapid expansion of e-commerce and changes in consumer behavior led to rapid shifts. The period, referred to by some as the
487:, Li & Fung sold three business units -- Whalen, Cobalt Fashion, and MEIYUME -- to Hony Capital for $ 1.1 billion, a transaction that involved substantial write-downs and an accounting loss of US$ 610 million.
534:
individuals in these communities. With a focus on education, healthcare, and environmental sustainability, the foundation has been instrumental in supporting a wide range of global organizations and initiatives.
724:
Concerns were also raised by SimplyWallSt in 2019 regarding the compensation of Li & Fung's CEO, suggesting that it was excessive compared to other executives in companies of similar market capitalization.
2689:
495:
invested US$ 300 million for a 21.7% stake in LF Logistics, valuing the company at an estimated US$ 1.38 billion. Concurrently, the market capitalization of Li & Fung was around US$ 1.25 billion.
412:. Li & Fung's diversification continued across other sectors such as real estate, warehousing, shipping, finance, and insurance through strategic joint ventures, acquisitions, and investments.
401:
and manufacturing, inspection, packaging, and logistics, boosting the company's standing among Western retailers and with suppliers in China. By the early 1980s, Li & Fung's clientele included
1701:
1080:
2285:
2560:
1802:
2888:
504:
public protests and allegations of unlawful dismissals, as reported by several sources. Subsequently, Li & Fung received a US$ 100 million investment from the e-commerce giant,
429:
in 2014 posited that this strategy may have led to the acquisition of underperforming companies, noting that Li & Fung acquired approximately 50 companies between 2008 and 2013.
311:
response to the shifting retail landscape and the challenges posed by e-commerce. The establishment of LFX in 2021 marked Li & Fung's continued adaptation to the digital era.
447:
Li & Fung's aggressive acquisition strategy was supported through various financial strategies, including share placements and investments from significant shareholders like
580:
The establishment of a $ 100 million scholarship in 2006 to support up to 100 Hong Kong undergraduates to study abroad and students from mainland China to study in Hong Kong.
2598:
397:
oil embargo on the United States triggered a global recession that lasted through 1975, adversely affecting Li & Fung's financial performance until a recovery in 1976.
537:
Since its inception, the foundation has engaged in a wide array of philanthropic activities, supporting numerous organizations worldwide. Notable partnerships include the
648:
its impact on female factory workers in the garment industry, under the banner of the HERProject. The initiative was later expanded into Cambodia, India and Vietnam.
520:
improved financial leverage, Moody's cited "significant uncertainty" regarding Li & Fung's ability to maintain an enhanced performance level in the coming years.
405:
and The Limited, with the company also serving as a distributor of handbags, belts, shoes, scarves, and other fashion accessories from Korea, Thailand, and Taiwan.
1509:
970:
386:– William with his MBA in 1972 and Victor with his doctorate in 1973. They soon restructured the company by establishing Li & Fung, Ltd with six subsidiaries.
2303:
1653:
2541:
2671:
1903:
2063:
1472:
1427:
2495:
664:
a subsidiary of Li & Fung, worked with BeProduct to enhance digital product creation and management for various brands, retailers, and manufacturers.
2868:
2331:
1619:
2369:
1848:
1821:
1675:
926:
394:
1977:
516:
Securities and Futures Commission into the sale's valuation, which was substantially higher than the valuation at which Li & Fung was privatized.
595:
554:
1490:
848:
2918:
2873:
2759:
2350:
2036:
1873:
904:
885:
704:
industry, particularly in Bangladesh, and highlighted the complex challenges of ensuring safety and fair labor practices in global supply chains.
2620:
2264:
598:
and UNICEF, and supporting the annual "Get Redressed Month," Hong Kong's largest clothing drive that aims to create awareness for fashion waste.
1959:
1573:
945:
671:. This score is part of an annual assessment by the CDP that measures environmental transparency and performance among companies worldwide.
2923:
2913:
1756:
440:
Further expansion through acquisitions continued through the early 2000s, such as the purchase of the Colby Group, and the appointment of
2704:
1185:
352:, targeting the US market through a partnership with Ignaz Strauss & Company, a New York–based sourcing agent for upscale retailers.
2638:
2222:
1676:"Li & Fung sells its Asia consumer and healthcare distribution business to DCH for US$ 350 million | South China Morning Post"
1554:
1217:
1231:
2908:
2898:
2878:
408:
The late 1980s marked Li & Fung's entry into the toy industry and retail, adopting its supply chain model in collaboration with
2893:
2579:
2522:
1167:
2903:
2883:
601:
Central to the Li & Fung Foundation's strategy is its commitment to partnering with local charities that share its mission.
587:
Partnering with the Cambodian Children's Fund whose mission is to transform the lives of impoverished children through education.
562:
425:
the company, a move intended to consolidate control and cultivate a corporate environment that would attract and retain talent.
2928:
2388:
1822:"Li & Fung delists from Hong Kong's bourse after 28 years as supply chain manager is privatised while global trade roils"
927:"Li & Fung delists from Hong Kong's bourse after 28 years as supply chain manager is privatised while global trade roils"
1933:
867:
299:, which directly connect manufacturers with consumers, created an increasingly challenging environment for the company.
1112:
1063:
1038:
999:
2351:"Li & Fung unit to sell 340 Hong Kong Circle K stores to Canadian convenience store giant ACT for US$ 361 million"
1911:
2657:
2204:
712:
wages in developing countries and for alleged shortcomings in conducting thorough inspections of factory conditions.
2022:
1995:
1383:
2499:
171:
1702:"Sourcing Scoop: Spencer Fung on the Fate of Li & Fung's Business in the Face of Accelerating Disruption"
1645:
1346:
641:
185:
451:, which bought 4.62% of Li & Fung for HK$ 3.88 billion, enabling the company to fund more acquisitions.
1364:
1129:
382:
William and Victor Fung, the sons of Fung Hon-chu, joined the company after completing their education at
1445:
590:
Supporting House of Heart to provide shelter for abandoned children and education for impoverished women.
1881:
570:
566:
538:
2561:"Retail Tech: Hibbett x Happy Returns, BigCommerce Adds BOPIS, Unifi3d Taps BeProduct for 3D Fashion"
786:
2286:"LOCAL ENVIRONMENTAL CHARITY REDRESS KICKS OFF ANNUAL 'GET REDRESSED MONTH' TO TACKLE TEXTILE WASTE"
2786:
390:
2732:
2243:
2157:
2136:
2118:
2089:
1776:
1593:
1535:
1325:
829:
708:
stakeholders to address systemic issues in the sector but ceased operations on December 31, 2018.
2467:
1014:
A Hundred Years of Li & Fung:Supply Network Orchestrator for Asia and Beyond by Bang-yan Feng
806:
668:
379:. Targeting the USA market, the company achieved a notable growth rate of 28% from 1969 to 1973.
287:
63:
1727:
1192:
1262:
2863:
1307:
1280:
2431:
1239:
542:
371:
During the late 1960s and early 1970s, Li & Fung's main competitors were British firms
1574:"Li & Fung starts to reap the benefits of its major expansion in the logistics sector"
8:
700:
473:
541:(AUW), Business for Social Responsibility (BSR), Captivating International, Crossroads,
2709:
688:
in Bangladesh, resulting in the death of 112 workers. The factory's customers included
546:
409:
383:
1211:
1108:
1059:
1034:
995:
461:
419:
356:
1148:
764:
750:
623:
492:
448:
434:
372:
296:
208:
498:
685:
484:
469:
441:
333:
first company in the export sector to be entirely owned by Chinese stakeholders.
143:
135:
2760:"Li & Fung needs to focus on its core businesses - and get rid of the rest"
2599:"Managers Arrested Following Bangladesh Factory Fire That Killed More Than 100"
454:
43:
2857:
2406:
2178:
292:
2804:
1473:"Retail apocalypse: Nearly 9,100 store closings have been announced in 2019"
1105:
100 Years of Li & Fung : Rise From Family Business to Multinational
1056:
100 Years of Li & Fung : Rise From Family Business to Multinational
1031:
100 Years of Li & Fung : Rise From Family Business to Multinational
992:
100 Years of Li & Fung : Rise From Family Business to Multinational
1555:"Li & Fung hopes brand business spinoff strengthens its trading empire"
778:
558:
215:
2787:"Is Li & Fung Limited's (HKG:494) CEO Overpaid Relative To Its Peers?"
584:
in Tibet, enabling the school to teach girls how to make clothes and bags.
2523:"EVERLANE, G-STAR RAW JOIN GLOBAL FASHION AGENDA'S NEW PARTNERSHIP GROUP"
1803:"Li & Fung says Temasek to buy $ 300 million stake in logistics unit"
139:
1978:"E-commerce giant JD.com invests in world's oldest supply chain manager"
1728:"Geely Automobile to join Hang Seng Index, Li & Fung to be removed"
1149:"Tough Times Highlight Li & Fung, Test Nontraditional Family Model"
2621:"Supply chain leader Li & Fung works hard at dealing with tragedy"
905:"Li & Fung Gets $ 930 Million Privatization Offer From Consortium"
576:
Specific educational initiatives sponsored by the foundation include:
1491:"Hong Kong's Li & Fung plots future as global supply chain frays"
849:"Hong Kong's Li & Fung plots future as global supply chain frays"
337:
329:
283:
229:
99:
886:"Century-Old Li & Fung Wants to Go Private as Blows Keep Coming"
1510:"A Case Study on Potential Disruptive Innovations in Li & Fung"
1401:
550:
402:
236:
28:
508:, signaling a strategic partnership and financial reinforcement.
420:
1990s–2013: The second public listing: Growth through acquisitions
2370:"Li & Fung Dismisses 70 Percent of Procurement Staff: Report"
1849:"Li & Fung Dismisses 70 Percent of Procurement Staff: Report"
1732:
971:"A Case Study on Potential Disruptive Innovations in Li and Fung"
689:
131:
37:
2639:"Li & Fung offers compensation after deadly Bangladesh fire"
2445:
2332:"Circle K mask giveaway draws thousands of elderly Hongkongers"
693:
660:
support environmental sustainability across its supply chains.
505:
499:
Since 2020: Navigating challenges and strategic transformations
2064:"Short-changed, say Li & Fung minority citing Maersk deal"
1757:"Li & Fung sets furniture business as part of $ 1.1B sale"
830:"Hong Kong's Li & Fung faces dilemma of 'innovate or die'"
472:
assumed the role of Chief Executive for the newly independent
336:
Initially focusing on porcelain, the company diversified into
1960:"Li & Fung uses coupon step-up to tackle downgrade risks"
1934:"Li & Fung 'unlawfully' downsizing its Bangladesh office"
1904:"Hong Kong: Workers demand fair treatment from Li & Fung"
1058:(1st ed.). Singapore: Cengage Learning. pp. 43–47.
1033:(1st ed.). Singapore: Cengage Learning. pp. 33–37.
376:
345:
2843:
2705:"Linking Factories to the Malls, Middleman Pushes Low Costs"
1402:"Li & Fung seals takeover of KarstadtQuelle buying unit"
455:
2014–2019: Transition, digitalization, and market challenges
2836:
2542:"Li & Fung Joins Forces with Canopy to Protect Forests"
349:
341:
2848:
1428:"Li & Fung to buy U.S. sleepwear firm for US$ 128 mln"
667:
In March 2024, Li & Fung was awarded a B score in the
395:
Organization of Arab Petroleum Exporting Countries (OAPEC)
323:
2889:
Companies formerly listed on the Hong Kong Stock Exchange
1646:"HK's Li & Fung sets up China JV, targets 300 stores"
1594:"Li & Fung to spin off divisions through stock split"
1536:"Li & Fung to spin off divisions through stock split"
1365:"Li & Fung Acquires Rosetti Handbags and Accessories"
1128:
Bernhardt, Donald; Eckblad, Marshall (22 November 2013).
594:
The foundation also provides disaster relief through the
389:
In April 1973, Li & Fung went public, listing on the
241:
2827:
2702:
1517:
Journal of Advances in Economics and Business Management
946:"The fashion companies promising to pay their suppliers"
266:
2672:"Li & Fung to start factory safety consulting unit"
2023:"Li & Fung launches LFX digital incubator offshoot"
1996:"Li & Fung launches LFX digital incubator offshoot"
1777:"Li & Fung selling struggling division for $ 1.1bn"
604:
291:
capitalization in 2011, but the rise of platforms like
366:
2580:"Fire Kills 112 Workers Making Clothes for US Brands"
220:
2389:"Li & Fung Says It's Cutting Staff, But Not 70%"
2037:"Maersk agrees to US$ 3.6b deal to buy LF Logistics"
1446:"Li & Fung sells stake to Temasek for HK$ 3.88b"
1347:"Li & Fung to buy budget womenswear maker in US"
1107:(1st ed.). Singapore: Cengage. pp. 56–92.
740:
2304:"UN Global Compact: Communication on Progress 2019"
2731:
2658:"Li & Fung Compensates Fire Victims' Families"
1775:
1592:
868:"A Doyen of Globalization Makes Its Final Retreat"
2855:
2407:"The Higg Index – Sustainable Apparel Coalition"
1127:
2578:Ross, Brian; Mosk, Matthew (25 November 2012).
2090:"Li & Fung May Face Debt Ratings Downgrade"
120:Ed Lam, Board Director, Li & Fung; CEO, LFX
1384:"Li & Fung to Buy Tommy Hilfiger Sourcing"
1168:"Three-Year Planning at Li & Fung Limited"
994:(1st ed.). Cengage Learning. p. 38.
892:. 23 March 2020 – via www.bloomberg.com.
674:
635:
903:Chang, Rachel; Wei, Daniela (20 March 2020).
190:
176:
2703:Ian Urbina; Keith Bradsher (7 August 2013).
1166:Healy, Paul; Wong, Keith Chi-ho (May 2014).
878:
528:
2869:Conglomerate companies established in 1906
640:Li & Fung is a founding member of the
36:
27:
2386:
2367:
2087:
1846:
1620:"Li & Fung Buys China Container Line"
1571:
1305:
1165:
684:In November 2012, a fire occurred at the
627:countries wouldn't be anywhere near 70%.
91:Fung Pak-liu and Li To-ming (Li&Fung)
2696:
2577:
2539:
1880:(in Chinese (Hong Kong)). Archived from
1507:
1146:
902:
483:In 2017, following its removal from the
2919:Former companies in the Hang Seng Index
2874:Transport companies established in 1906
2784:
2618:
2596:
2521:Chua, Jasmin Malik (28 February 2019).
1523:(2): 15–26 – via Krishi Sankriti.
1078:
865:
324:1906–1970: Founding and the early years
2856:
2558:
2020:
1754:
1656:from the original on 24 September 2015
1590:
1533:
1326:"Chairman's Statement to Shareholders"
1306:Seawright, Steven (10 November 2000).
1216:: CS1 maint: archived copy as title (
669:CDP Climate Change Disclosure for 2023
114:Spencer Fung, Group Executive Chairman
2655:
2614:
2612:
2116:
2112:
2110:
1819:
1773:
1381:
1308:"Li & Fung buys Colby for $ 2.2b"
1281:"Li & Fung buys Colby for $ 2.2b"
1260:
1098:
1096:
1094:
1079:Corbett, Michael (22 November 2013).
1024:
1022:
1020:
985:
983:
924:
827:
573:, and various cancer research funds.
328:Li & Fung was founded in 1906 in
2520:
2061:
1874:"【武漢肺炎】利豐罷工集會抗議大裁員 轟管理層利用員工同情心圖減遣散費"
1820:Ng, Eric; Yiu, Enoch (27 May 2020).
1755:Thomas, Russell (14 December 2017).
1720:
1552:
1508:Bhojwani, Rohaan (April–June 2021).
1470:
1263:"Li & Fung in $ 450m Swire deal"
1172:Harvard Business School Case 114-098
1102:
1053:
1028:
989:
925:Ng, Eric; Yiu, Enoch (27 May 2020).
920:
918:
613:
605:Victor & William Fung Foundation
2924:Family-owned companies of Hong Kong
2914:Conglomerate companies of Hong Kong
2597:Coleman, Korva (28 November 2012).
2348:
2223:"House of Heart Annual Report 2016"
2119:"Li & Fung aid marks centenary"
1103:Feng, Bang-yan (27 November 2006).
1029:Feng, Bang-yan (27 November 2006).
990:Feng, Bang-yan (27 November 2006).
943:
846:
367:1970–1989: The first public listing
355:In 1937, the company expanded into
13:
2785:Freeman, Brent (28 January 2019).
2609:
2107:
1572:Van Marle, Gavin (20 March 2015).
1483:
1261:Tsang, Denise (30 December 1999).
1091:
1054:Feng, Ban-yan (27 November 2006).
1017:
980:
303:to adapt to the changing market.
14:
2940:
2819:
2656:Sheng, Ellen (25 November 2012).
2619:Edwards, Nick (13 January 2014).
2540:Friedman, Arthur (19 July 2021).
1591:Davies, Paul J. (20 March 2014).
1382:Young, Vicki (12 February 2007).
915:
630:
46:in November 2008, the head office
2909:Transport companies of Hong Kong
2899:Logistics companies of Hong Kong
2879:1906 establishments in Hong Kong
2733:"Li & Fung: spinning around"
866:Gopalan, Nisha (23 March 2020).
771:
757:
743:
733:in accordance with regulations.
2894:Conglomerate companies of China
2805:"FAQ on The Li & Fung Case"
2797:
2778:
2752:
2724:
2682:
2664:
2649:
2631:
2590:
2571:
2552:
2533:
2514:
2488:
2460:
2438:
2424:
2399:
2387:Donaldson, Tara (6 June 2020).
2380:
2368:Donaldson, Tara (5 June 2020).
2361:
2342:
2324:
2296:
2278:
2257:
2236:
2215:
2197:
2171:
2150:
2129:
2081:
2055:
2029:
2021:Barrie, Leonie (8 April 2021).
2014:
1988:
1970:
1952:
1926:
1896:
1866:
1847:Donaldson, Tara (5 June 2020).
1840:
1813:
1795:
1774:Bland, Ben (14 December 2017).
1767:
1748:
1694:
1668:
1638:
1612:
1584:
1565:
1546:
1527:
1501:
1464:
1438:
1420:
1394:
1375:
1357:
1339:
1333:Li & Fung Corporate Website
1318:
1299:
1273:
1254:
1224:
1178:
1159:
1147:Fokstuen, Anne (21 July 1998).
1140:
1121:
1072:
1047:
1008:
242:
16:Supply Chain Management Company
2904:Trading companies of Hong Kong
2884:1970s initial public offerings
2828:Li & Fung official website
2559:Taylor, Glenn (6 March 2023).
2349:Liu, Pearl (6 November 2020).
2088:SGB Media (6 September 2022).
1534:Davies, Paul (20 March 2014).
963:
937:
896:
859:
840:
821:
799:
221:
191:
177:
1:
2929:Offshore companies of Bermuda
944:Zha, Weixin (6 August 2020).
792:
699:In 2013, the collapse of the
642:Sustainable Apparel Coalition
2690:"Alliance leaves Bangladesh"
2117:Heron, Liz (29 April 2006).
1553:AWAI, YASUO (22 July 2014).
1130:"Stock Market Crash of 1987"
828:Bland, Ben (10 April 2017).
715:
75:; 118 years ago
7:
2837:Fung Group official website
1471:Tyko, Kelly (3 July 2019).
736:
675:Criticism and controversies
636:Partnership and initiatives
416:completed in January 1989.
10:
2945:
2844:Fung Business Intelligence
2205:"Li & Fung Visits CCF"
571:World Wide Fund for Nature
539:Asian University for Women
523:
318:
2183:Captivating International
847:Sun, Nikki (8 May 2020).
787:List of trading companies
261:
257:
253:
235:
228:
214:
207:
202:
198:
184:
170:
165:
161:
157:
149:
127:
105:
95:
87:
69:
59:
51:
35:
26:
2764:South China Morning Post
2625:South China Morning Post
2432:"Services for suppliers"
2355:South China Morning Post
2336:South China Morning Post
2209:Cambodia Children's Fund
2123:South China Morning Post
2041:www.businesstimes.com.sg
1982:South China Morning Post
1826:South China Morning Post
1450:South China Morning Post
1406:South China Morning Post
1351:South China Morning Post
1312:South China Morning Post
1285:South China Morning Post
1267:South China Morning Post
931:South China Morning Post
686:Tazreen Fashions Factory
679:
529:Li & Fung Foundation
391:Hong Kong Stock Exchange
172:Traditional Chinese
1232:"Li & Fung Limited"
1153:The Wall Street Journal
1134:Federal Reserve History
1085:Federal Reserve History
288:supply chain management
186:Simplified Chinese
153:$ 11.413 billion (2019)
64:Supply chain management
1081:"Oil Shock of 1973–74"
563:The Women's Foundation
555:Red Cross/Red Crescent
1964:www.globalcapital.com
1938:The Business Standard
280:Li & Fung Limited
117:Joseph Phi, Group CEO
2411:Apparelcoalition.org
2265:"2018 Annual Report"
2244:"2016 Annual Report"
2179:"TAILORING AT SGVTS"
2158:"2014 Annual Report"
2137:"2017 Annual Report"
1914:on 18 September 2020
1198:on 16 September 2011
543:Habitat for Humanity
393:. However, the 1973
243:Lei6 fung1 gung1 si1
2645:. 25 November 2012.
1287:. 10 September 2000
551:Movember Foundation
474:Global Brands Group
142:, toys, health and
23:
2710:The New York Times
2678:. 12 January 2014.
2496:"Hemaya - Talbots"
2468:"Our supply Chain"
2338:. 7 February 2020.
2292:. 10 October 2019.
2043:. 22 December 2021
1736:. 10 February 2017
1452:. 8 September 2008
1434:. 5 November 2007.
1388:Women's Wear Daily
622:In June 2020, the
547:Junior Achievement
384:Harvard University
21:
1966:. 12 August 2020.
1708:. 16 October 2017
1335:. 12 August 2004.
614:COVID-19 response
462:retail apocalypse
435:Dodwell & Co.
373:Dodwell & Co.
357:British Hong Kong
348:handicrafts, and
277:
276:
249:
248:
209:Standard Mandarin
2936:
2840:
2839:
2831:
2830:
2813:
2812:
2801:
2795:
2794:
2782:
2776:
2775:
2773:
2771:
2756:
2750:
2749:
2747:
2745:
2735:
2728:
2722:
2721:
2719:
2717:
2700:
2694:
2693:
2686:
2680:
2679:
2668:
2662:
2661:
2653:
2647:
2646:
2635:
2629:
2628:
2616:
2607:
2606:
2594:
2588:
2587:
2575:
2569:
2568:
2565:Sourcing Journal
2556:
2550:
2549:
2546:Sourcing Journal
2537:
2531:
2530:
2527:Sourcing Journal
2518:
2512:
2511:
2509:
2507:
2498:. Archived from
2492:
2486:
2485:
2483:
2481:
2472:
2464:
2458:
2457:
2455:
2453:
2442:
2436:
2435:
2428:
2422:
2421:
2419:
2417:
2403:
2397:
2396:
2393:Sourcing Journal
2384:
2378:
2377:
2374:Sourcing Journal
2365:
2359:
2358:
2346:
2340:
2339:
2328:
2322:
2321:
2319:
2317:
2308:
2300:
2294:
2293:
2282:
2276:
2275:
2269:
2261:
2255:
2254:
2248:
2240:
2234:
2233:
2230:House With Heart
2227:
2219:
2213:
2212:
2201:
2195:
2194:
2192:
2190:
2175:
2169:
2168:
2162:
2154:
2148:
2147:
2141:
2133:
2127:
2126:
2114:
2105:
2104:
2102:
2100:
2085:
2079:
2078:
2076:
2074:
2059:
2053:
2052:
2050:
2048:
2033:
2027:
2026:
2018:
2012:
2011:
2009:
2007:
1992:
1986:
1985:
1974:
1968:
1967:
1956:
1950:
1949:
1947:
1945:
1930:
1924:
1923:
1921:
1919:
1910:. Archived from
1908:UNI Global Union
1900:
1894:
1893:
1891:
1889:
1878:Apple Daily 蘋果日報
1870:
1864:
1863:
1861:
1859:
1853:Sourcing Journal
1844:
1838:
1837:
1835:
1833:
1817:
1811:
1810:
1799:
1793:
1792:
1790:
1788:
1779:
1771:
1765:
1764:
1752:
1746:
1745:
1743:
1741:
1724:
1718:
1717:
1715:
1713:
1706:Sourcing Journal
1698:
1692:
1691:
1689:
1687:
1672:
1666:
1665:
1663:
1661:
1652:. 23 June 2015.
1642:
1636:
1635:
1633:
1631:
1616:
1610:
1609:
1607:
1605:
1596:
1588:
1582:
1581:
1569:
1563:
1562:
1550:
1544:
1543:
1531:
1525:
1524:
1514:
1505:
1499:
1498:
1487:
1481:
1480:
1468:
1462:
1461:
1459:
1457:
1442:
1436:
1435:
1424:
1418:
1417:
1415:
1413:
1408:. 2 October 2006
1398:
1392:
1391:
1379:
1373:
1372:
1361:
1355:
1354:
1343:
1337:
1336:
1330:
1322:
1316:
1315:
1303:
1297:
1296:
1294:
1292:
1277:
1271:
1270:
1258:
1252:
1251:
1249:
1247:
1238:. Archived from
1228:
1222:
1221:
1215:
1207:
1205:
1203:
1197:
1191:. Archived from
1190:
1182:
1176:
1175:
1163:
1157:
1156:
1144:
1138:
1137:
1125:
1119:
1118:
1100:
1089:
1088:
1076:
1070:
1069:
1051:
1045:
1044:
1026:
1015:
1012:
1006:
1005:
987:
978:
977:
975:
967:
961:
960:
958:
956:
950:fashionunited.uk
941:
935:
934:
922:
913:
912:
900:
894:
893:
882:
876:
875:
863:
857:
856:
844:
838:
837:
825:
819:
818:
816:
814:
807:"Our leadership"
803:
781:
776:
775:
774:
767:
765:Hong Kong portal
762:
761:
760:
753:
751:Companies portal
748:
747:
746:
624:Sourcing Journal
493:Temasek Holdings
449:Temasek Holdings
273:
270:
268:
245:
244:
224:
223:
200:
199:
194:
193:
180:
179:
83:
81:
76:
42:Lifung Tower in
40:
31:
24:
20:
2944:
2943:
2939:
2938:
2937:
2935:
2934:
2933:
2854:
2853:
2835:
2834:
2826:
2825:
2822:
2817:
2816:
2803:
2802:
2798:
2783:
2779:
2769:
2767:
2758:
2757:
2753:
2743:
2741:
2738:Financial Times
2730:
2729:
2725:
2715:
2713:
2701:
2697:
2688:
2687:
2683:
2670:
2669:
2665:
2654:
2650:
2637:
2636:
2632:
2617:
2610:
2595:
2591:
2576:
2572:
2557:
2553:
2538:
2534:
2519:
2515:
2505:
2503:
2494:
2493:
2489:
2479:
2477:
2470:
2466:
2465:
2461:
2451:
2449:
2444:
2443:
2439:
2430:
2429:
2425:
2415:
2413:
2405:
2404:
2400:
2385:
2381:
2366:
2362:
2347:
2343:
2330:
2329:
2325:
2315:
2313:
2306:
2302:
2301:
2297:
2284:
2283:
2279:
2267:
2263:
2262:
2258:
2246:
2242:
2241:
2237:
2225:
2221:
2220:
2216:
2203:
2202:
2198:
2188:
2186:
2185:. 29 March 2018
2177:
2176:
2172:
2160:
2156:
2155:
2151:
2139:
2135:
2134:
2130:
2115:
2108:
2098:
2096:
2086:
2082:
2072:
2070:
2062:Standard, The.
2060:
2056:
2046:
2044:
2035:
2034:
2030:
2019:
2015:
2005:
2003:
1994:
1993:
1989:
1984:. 31 July 2020.
1976:
1975:
1971:
1958:
1957:
1953:
1943:
1941:
1932:
1931:
1927:
1917:
1915:
1902:
1901:
1897:
1887:
1885:
1884:on 21 June 2021
1872:
1871:
1867:
1857:
1855:
1845:
1841:
1831:
1829:
1818:
1814:
1809:. 27 June 2019.
1801:
1800:
1796:
1786:
1784:
1782:Financial Times
1772:
1768:
1761:Furniture Today
1753:
1749:
1739:
1737:
1726:
1725:
1721:
1711:
1709:
1700:
1699:
1695:
1685:
1683:
1674:
1673:
1669:
1659:
1657:
1644:
1643:
1639:
1629:
1627:
1618:
1617:
1613:
1603:
1601:
1599:Financial Times
1589:
1585:
1570:
1566:
1551:
1547:
1540:Financial Times
1532:
1528:
1512:
1506:
1502:
1489:
1488:
1484:
1469:
1465:
1455:
1453:
1444:
1443:
1439:
1426:
1425:
1421:
1411:
1409:
1400:
1399:
1395:
1380:
1376:
1363:
1362:
1358:
1345:
1344:
1340:
1328:
1324:
1323:
1319:
1304:
1300:
1290:
1288:
1279:
1278:
1274:
1259:
1255:
1245:
1243:
1242:on 4 March 2016
1230:
1229:
1225:
1209:
1208:
1201:
1199:
1195:
1188:
1186:"Archived copy"
1184:
1183:
1179:
1164:
1160:
1145:
1141:
1126:
1122:
1115:
1101:
1092:
1077:
1073:
1066:
1052:
1048:
1041:
1027:
1018:
1013:
1009:
1002:
988:
981:
973:
969:
968:
964:
954:
952:
942:
938:
923:
916:
901:
897:
884:
883:
879:
864:
860:
845:
841:
834:Financial Times
826:
822:
812:
810:
809:. Li & Fung
805:
804:
800:
795:
777:
772:
770:
763:
758:
756:
749:
744:
742:
739:
718:
682:
677:
638:
633:
619:November 2020.
616:
607:
531:
526:
501:
485:Hang Seng Index
470:Bruce Rockowitz
457:
442:Bruce Rockowitz
422:
369:
326:
321:
265:
144:beauty products
136:household goods
123:
108:
79:
77:
74:
47:
17:
12:
11:
5:
2942:
2932:
2931:
2926:
2921:
2916:
2911:
2906:
2901:
2896:
2891:
2886:
2881:
2876:
2871:
2866:
2852:
2851:
2846:
2841:
2832:
2821:
2820:External links
2818:
2815:
2814:
2809:www.ird.gov.hk
2796:
2777:
2766:. 3 April 2014
2751:
2723:
2695:
2681:
2663:
2648:
2630:
2608:
2589:
2570:
2551:
2532:
2513:
2502:on 1 July 2015
2487:
2459:
2437:
2423:
2398:
2379:
2360:
2341:
2323:
2295:
2290:Fashion United
2277:
2256:
2235:
2214:
2196:
2170:
2149:
2128:
2106:
2080:
2054:
2028:
2013:
2002:. 8 April 2021
1987:
1969:
1951:
1925:
1895:
1865:
1839:
1812:
1794:
1766:
1747:
1719:
1693:
1667:
1637:
1611:
1583:
1564:
1545:
1526:
1500:
1482:
1463:
1437:
1419:
1393:
1374:
1371:. 9 July 2006.
1356:
1338:
1317:
1298:
1272:
1253:
1223:
1177:
1158:
1139:
1120:
1114:978-9812659668
1113:
1090:
1071:
1065:978-9812659668
1064:
1046:
1040:978-9812659668
1039:
1016:
1007:
1001:978-9812659668
1000:
979:
962:
936:
914:
895:
877:
858:
839:
820:
797:
796:
794:
791:
790:
789:
783:
782:
768:
754:
738:
735:
717:
714:
681:
678:
676:
673:
637:
634:
632:
631:Sustainability
629:
615:
612:
606:
603:
592:
591:
588:
585:
581:
530:
527:
525:
522:
500:
497:
456:
453:
421:
418:
368:
365:
325:
322:
320:
317:
275:
274:
263:
259:
258:
255:
254:
251:
250:
247:
246:
239:
233:
232:
230:Yue: Cantonese
226:
225:
222:Lì fēng gōngsī
218:
212:
211:
205:
204:
203:Transcriptions
196:
195:
188:
182:
181:
174:
168:
167:
163:
162:
159:
158:
155:
154:
151:
147:
146:
129:
125:
124:
122:
121:
118:
115:
111:
109:
106:
103:
102:
97:
93:
92:
89:
85:
84:
71:
67:
66:
61:
57:
56:
53:
49:
48:
44:Cheung Sha Wan
41:
33:
32:
15:
9:
6:
4:
3:
2:
2941:
2930:
2927:
2925:
2922:
2920:
2917:
2915:
2912:
2910:
2907:
2905:
2902:
2900:
2897:
2895:
2892:
2890:
2887:
2885:
2882:
2880:
2877:
2875:
2872:
2870:
2867:
2865:
2864:Li & Fung
2862:
2861:
2859:
2850:
2847:
2845:
2842:
2838:
2833:
2829:
2824:
2823:
2810:
2806:
2800:
2792:
2788:
2781:
2765:
2761:
2755:
2740:. 9 July 2014
2739:
2734:
2727:
2712:
2711:
2706:
2699:
2691:
2685:
2677:
2673:
2667:
2659:
2652:
2644:
2640:
2634:
2626:
2622:
2615:
2613:
2604:
2600:
2593:
2585:
2581:
2574:
2566:
2562:
2555:
2547:
2543:
2536:
2528:
2524:
2517:
2501:
2497:
2491:
2476:
2469:
2463:
2447:
2446:"Our Funders"
2441:
2433:
2427:
2412:
2408:
2402:
2394:
2390:
2383:
2375:
2371:
2364:
2356:
2352:
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