Li & Fung Ltd. grew to be a powerhouse by squeezing cost out of the supply chain — and although analysts fear the company is now feeling the squeeze itself, Bruce Rockowitz begs to differ.
Rockowitz, who is president and chief executive officer of Li & Fung, brushed aside outside concerns that the company’s role as a “middleman” is not sustainable, that it’s too reliant on momentum-losing private label brands and that it is facing rising labor costs, particularly in China.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)