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HONG KONG: Li & Fung warns of 40% slump in FY profit

2013-01-11 13:16:00| Daily apparel & textile news and comment - from just-style.com

Global sourcing giant Li & Fung Ltd today (11 January) warned of a 40% fall in full-year core operating profit - and named a new president to lead its US unit where sales and margins have weakened.

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