LI & FUNG PROFITS UP SLIGHTLY: Sourcing powerhouse Li & Fung Ltd. said its first-half profits rose 0.6 percent to $43.6 million, on a 5.4 percent increase in sales to $1.83 billion. (Dollar amounts are converted from the Hong Kong dollar at current exchange rates.)

The Hong Kong-based company blamed the slowdown in the U.S. economy for the slow growth, but said it expected results to improve in the second half.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus