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Tag: fung
Share-price heat for Li & Fung
2015-05-22 10:40:38| Logistics - Topix.net
Li & Fung management struggled to pacify individual investors grumbling about the firm's lifeless share price at a meeting yesterday. That reveals a quandary facing the sourcing and delivery provider which has been hard-pressed to cut costs as sales in its major markets flag and outlook dims.
Wal-Mart says to take some Li & Fung sourcing business in-house
2015-05-22 06:22:22| Logistics - Topix.net
"We have made a business decision to transfer certain sourcing functions for Wal-Mart in-house and as such will work collaboratively with DSG to ensure a smooth transition over the next several months," Wal-Mart said in a statement. Wal-Mart said that it would continue to use DSG for sourcing products for Sam's Club, a unit that sells products in bulk and competes with Costco Wholesale Corp Wal-Mart operates 648 Sam's Club stores, or about 12 percent of its network of 5,200 stores in the United States, its largest market.
Tags: business
sourcing
walmart
fung
Retail Sherpa Li & Fung Grapples With Client Loss
2015-05-22 04:25:30| Logistics - Topix.net
Last year, 41-year-old Spencer Fung became chief executive of one of the world's biggest factory middlemen, tasked with reversing the sliding fortunes of the company co-founded by his great grandfather more than a century before. For decades, that company, Li & Fung Ltd., has been the go-to helper for Western brands that don't have the expertise to navigate the supply chain in China, Vietnam, Bangladesh and other low-cost countries.
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.
Update Of Lottery Ticket Basket Strategy As Of 3/20/15 Bought 150 Li & Fung ADR Shares At $1.86
2015-03-24 18:17:15| Logistics - Topix.net
In my last Instablog, I updated the REIT Basket Strategy. Normally, I will update the basket strategies in my blog every 1 to 2 months.
Tags: at
update
strategy
basket
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