HONG KONG — Li & Fung Ltd., the Hong Kong-based sourcing and distribution giant, reported 2012 net income fell by 9.4 percent to $617 million, mainly because of greater-than-expected costs related to the restructuring of the company’s LF USA business.
The company also warned that it wouldn’t make its three-year plan. In 2010, the company had targeted $1.5 billion in operating profit in 2013.
"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)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)