Spencer Fung takes on executive chairman position, succeeding William Fung.
The number of offers has doubled since the court extended the procedure by half a month.
Profits of continuing operations fell 26.9 percent last year as the group speeds its transformation.
Palfrey assumes the newly-created role for the 113-year old heritage firm in the midst of a sea change.
The sourcing veteran previously held senior positions at Michaels, Office Depot and Hudson’s Bay Co.
The firm downplayed the recent escalation of the U.S.-China trade war on its business.
Differential is spending $1.38 billion to acquire a portion of GBG’s North American licensing business.
The Global Fashion Agenda said the group commitment is a first of its kind.
The company has been working with Li & Fung Ltd. since 2017 to shorten the design and production process.
Luxury eyewear brand LINDBERG discusses Danish design and its enduring ideation.