Tags » Li & Fung

The world's largest middleman isn't faring so well

The numbers: Not amazing. Hong Kong-based Li & Fung, which connects retailers to suppliers around the globe, saw first half-profit rise 16% to $111.4 million… 205 more words

Lucky Brand Sold For $225M, Trademark Used To Secure Note

An affiliate of Leonard Green & Partners has acquired Lucky Brand from Fifth & Pacific for $225 million. In October, Fifth & Pacific sold Juice Couture for $195 million to Authentic Brands Group.  261 more words

Fashion Reportage

Textiles sustainability group to host open meeting during market

New York – Sustainability is back on the agenda during market week. The coalition of retailers and suppliers that formed earlier this year to establish a sustainability protocol for the home… 316 more words

Home Textile

Li & Fung - Exploitation or Globalisation?

Based in Hong Kong, Li & Fung are one of many organisations delivering high quantity, fast fashion, mass produced garments to hundreds of high street retailers. 298 more words

Hong Kong Customs Nets Record Cocaine Haul, Seizing 60 Kilograms of the Drug

Hong Kong customs seized a record haul of cocaine at its international airport this week, foiling two passengers who tried to smuggle 58 million Hong Kong dollars (US$7.5 million) worth of the drug in their luggage.

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China

OM in the News: Li & Fung, The Most Important Company You Never Heard Of

Li & Fung — the most important company that most American shoppers have never heard of — has long been on the cutting edge of globalization, chasing cheap labor to garment factories first in China, then elsewhere in Asia, including Bangladesh. 325 more words

OM In The News

Retailers' Dirty Little Secret

The use of sweatshops to mass produce fashion items has always been a controversial issue addressed by many different advocacy groups, causes and industries.  What some people may not know is that many retailers aren’t in charge of arranging their own connections to garment factories in other countries. 90 more words

Fashion