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Li & Fung rules out big buyouts amid sluggish consumer spending growth

2014-01-12 23:37:09| Logistics - Topix.net

Global sourcing and distribution giant Li & Fung plans to make no major acquisitions in the coming three years, focusing instead on making more money from existing assets in the face of sluggish growth in worldwide consumer spending, chairman William Fung Kwok-lun said.

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