By  on September 20, 2012

Hong Kong-based manufacturing and logistics giant Li & Fung Ltd.said Thursday that it has formed a new sourcing agreement with Wal-MartStores Inc. for Sam’s Club and Wal-Mart stores.

Li & Fungalso said that an agreement allowing Wal-Mart the option to purchase allof the shares of Li & Fung subsidiary Direct Sourcing Group Pte.Ltd. was terminated.

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