The same economic turmoil that hurt Li & Fung in the first half — pushing operating profits down 21.6 percent — is also opening opportunities for the sourcing giant to acquire more European businesses.
Bruce Rockowitz, group president and chief executive officer, told WWD that Europe still has “a few more years” before it works through economic troubles, which he likened to a slow-motion version of what happened in the U.S. after the 2008 Lehman Brothers collapse.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"