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Li & Fung: Latest News

Li Fung

Record store closures hit Li & Fung profitsSubscription

21 March 2019 By

Sourcing giant Li & Fung has reported a 20% decrease in core operating profit (COP) to $285m (£216m) for the year to 31 December 2018.

Li Fung

Li & Fung appoints new group president Subscription

29 January 2019 By

Sourcing giant Li & Fung has appointed Joseph Phi as its group president.

Li Fung

Li & Fung's profit slide 19%Subscription

22 August 2018 By Tim Clark

Li & Fung’s like-for-like profits dropped 19% in the first half of the year due to a mixture of ”destocking, store closures and bankruptcies”.

Li & Fung: Fashion & Features

Spencer Fung

Li & Fung chief's audacious plan to shake up the supply chainSubscription

29 November 2017 By , Photography by Sophia Spring

Spencer Fung is the Silicon Valley-trained CEO of Li & Fung, the billion-pound supplier to the high street’s biggest names. Now, he is tasked with revolutionising the 111-year-old business founded by his great-grandfather.