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Li & Fung

Lack of Liquidity Forces Global Brands Group to Shutter Business

David Beckham is reportedly negotiating to buy his brand.

Li & Fung Advances Sustainable Sourcing With New Canopy Partnership

Li & Fung is the next apparel sourcing powerhouse to join the CanopyStyle fashion initiative and Pack4Good…

Delvaux Is Up for Sale: Reports

A deal could value the 192 years old Belgian luxury bag-maker at around $500 million to $600 million, half of…

Leadership Shuffle at Li & Fung; Joseph Phi Named CEO

Spencer Fung takes on executive chairman position, succeeding William Fung.

Robert Clergerie Has a New Owner: Sources

Swiss private equity fund French Legacy Group is taking on the storied shoemaker.

Supply Chain Giant Li & Fung to Privatize

The company has been hit by a storm of the U.S.-China trade war, changing retail landscape, and the…

French Court Set to Decide on Bids for Sonia Rykiel in Mid-July

The number of offers has doubled since the court extended the procedure by half a month.

Sonia Rykiel Enters Receivership

The fashion house filed for court protection as it seeks a buyer for the struggling business.

Li & Fung Sees Profits Plunge Due to Challenges, Digitalization Effort

Profits of continuing operations fell 26.9 percent last year as the group speeds its transformation.

Li & Fung Appoints Darren Palfrey as Chief Digital Officer

Palfrey assumes the newly-created role for the 113-year old heritage firm in the midst of a sea change.

LF Beauty Re-brands as Meiyume

The Fung Group company is re-branding after a divestment of its three product verticals and a restructuring…

Li & Fung Quickens the Pace to Compete

The sourcing giant is getting digital and moving much faster while watching out for new types of competitors.

Li & Fung Appoints Wilson Zhu as Chief Operating Officer

The sourcing veteran previously held senior positions at Michaels, Office Depot and Hudson's Bay Co.

Li & Fung to Spin Off Logistics Business, Half-Year Profit Falls 19%

The firm downplayed the recent escalation of the U.S.-China trade war on its business.

Differential, GBG Deal Speaks to Attraction of Brand Licensing Model

Differential is spending $1.38 billion to acquire a portion of GBG's North American licensing business.