HONG KONG — Li & Fung Ltd. posted a 17 percent increase in net profit for full-year 2013, helped by a turnaround in the group’s LF USA business. The company also revealed a possible spin-off of its global brands and licensing business on the Hong Kong Stock Exchange.
Li & Fung’s net profit for the 12-month period ended in December totaled $725 million, while revenues increased 3 percent to $20.7 billion.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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