Hong Kong-based sourcing giant Li & Fung Limited said Friday it is issuing $500 million of perpetual bonds to raise cash for business development and ongoing acquisitions drive.
The company said investors oversubscribed to the issue by over 10 times. The bonds, denominated in U.S. dollars, will have a distribution rate of 6 percent and they will trade on the Singapore stock exchange.
Citigroup and HSBC arranged the transaction, which placed the bonds with investors in Asia and Europe.
Bruce Rockowitz, group president and chief executive officer, told WWD in August that the company is looking to take advantage of economic turmoil and make acquistions in Europe.
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18