Li & Fung

A new style from Robert Clergerie

Mergers and Acquisitions

Robert Clergerie Has a New Owner: Sources

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

clock July 9, 2020Miles Socha

Spencer Fung, ceo of Li & Fung.

Business Features

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 coronavirus.

clock March 20, 2020Tiffany Ap

Runway at Sonia Rykiel RTW Fall 2019, photographed in Paris on February 28, 2019.

Mergers and Acquisitions

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.

clock June 13, 2019Mimosa Spencer

Runway at Sonia Rykiel RTW Fall 2019, photographed in Paris on February 28, 2019.

Financial

Sonia Rykiel Enters Receivership

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

clock April 30, 2019Joelle Diderich

Spencer Fung

Financial

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.

clock March 21, 2019Bennett Marcus

Li & Fung headquarters

Human Resources

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.

clock January 21, 2019Tiffany Ap

Beauty Features

LF Beauty Re-brands as Meiyume

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

clock December 3, 2018Layla Ilchi

Spencer FungWWD Apparel and Retail CEO Summit, New York, USA - 31 Oct 2018

Technology

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.

clock November 6, 2018Evan Clark

Human Resources

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.

clock October 18, 2018Tiffany Ap

Li & Fung plans to spin off its logistics business in the first half of 2019.

Financial

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.

clock August 22, 2018Tiffany Ap

Bill Sweedler photographed by Weston Wells for WWD

Mergers and Acquisitions

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.

clock June 28, 2018Jean E. Palmieri

Model on the catwalkGucci show, Runway, Fall Winter 2018, Milan Fashion Week, Italy - 21 Feb 2018

Financial

Kering, Target, More CEOs Agree, Commit to Sustainability Practices

The Global Fashion Agenda said the group commitment is a first of its kind.

clock March 27, 2018Kali Hays

Spencer Fung, ceo of Li & Fung.

Financial

Li & Fung Not Daunted by Trade Tariffs, Says CEO

Shares dropped 9.98 percent Friday but management said its global base will mute the impact.

clock March 23, 2018Tiffany Ap

Betabrand fans get to choose the features they want on their crowdfunded high heels.

Markets

Betabrand Shortens Time Period for Shoe Design to Five Days

The company has been working with Li & Fung Ltd. since 2017 to shorten the design and production process.

clock March 6, 2018Vicki M. Young

The Li & Fung headquarters in Hong Kong.

Mergers and Acquisitions

Li & Fung’s $1.1 Billion Strategic Divestment

The plan will remove three product verticals: furniture, sweaters and beauty.

clock December 14, 2017Tiffany Ap

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