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Li & Fung spin-off Global Brands nets HK$3.48b gain in first year

2015-03-26 18:31:20| Logistics - Topix.net

Global Brands Group Holding, the Bruce Rockowitz-led purveyor of mid-market consumer brands, announced on Thursday a 5 per cent increase in turnover to US$3.45 billion and hinted at the launch date for its David Beckham product range, the firm's first annual results since last summer's spin-off from Li & Fung. Rockowitz cited a "relatively difficult" environment and weaker-than-expected US economic growth, with revenue a fraction below analyst estimates of US$3.48 billion.

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