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Sales at Li & Fung marginally up 1.4% in 2014
2015-03-23 07:27:19| Logistics - Topix.net
Although logistics division sales expanded by a massive 66 per cent, overall sales at Li & Fung rose marginally by just 1.4 per cent for the period ended December 31, 2014. Li & Fung said total sales grew 1.4 per cent to US $19,288 million and revenue in Logistics increased by 66 per cent, while sales in the Trading business was stable.
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up
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marginally
Weak sentiment and high operating costs batter Li & Fung
2015-03-19 16:30:28| Logistics - Topix.net
Li & Fung, which supplies Wal-Mart, says last year's profit missed expectations due to weak consumer sentiment and high operating costs. Photo: Bloomberg Li & Fung said on Thursday a three-year growth plan to next year was no longer achievable as the sourcing and trading giant reported worse-than-expected earnings, battered by weak consumer sentiment and high operating costs.
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costs
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weak
Li & Fung FY profit down in "transitional" year
2015-03-19 14:06:00| Daily apparel & textile news and comment - from just-style.com
Consumer goods colossus Li & Fung has seen full-year profits decline following a year "of transition and investment" for the Hong Kong-listed business.
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year
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Li & Fung earnings tumble by 11.8pc to US$539m
2015-03-19 12:15:50| Logistics - Topix.net
Li & Fung , which heavily depends on the US market for its business, announced today that profit fell by 11.8 percent to US$539.3 million compared with HK$612 million a year earlier. The company operates a trading network and a logistics network.
Fung Kids buys Petit Bateau retailer
2015-02-19 15:10:00| Daily apparel & textile news and comment - from just-style.com
The retail arm of the Fung Group has acquired Hong Kong-based Kids Designers Club, an exclusive retailer in Hong Kong and Singapore of children's apparel brand Petit Bateau.
Tags: kids
petit
buys
retailer
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