The Hong Kong sourcing specialist has recorded a turnover of 19 billion dollars, up 1.4% for its 2014 fiscal year. The fiscal period was marked by the spin-off of its clothing business, reorganized as part of Global B...
The Hong Kong apparel company, a spin-off of Li&Fung, generated a turnover last year of 3.45 billion dollars, representing a 5% increase. Profit before taxes, meanwhile, grew by 14.7% to 309 million euros.
Hong Kong's Li & Fung Ltd , supplier of goods like clothing and toys to retailers such as Wal-Mart Stores Inc and Kohl's Corp, said first-half net profit rose 16 percent as it shrugged off weak U.S. retail trading.
FIFA, soccer's world governing body, is branching into fashion, announcing plans on Sunday 19 April to sell branded clothes and merchandise from this summer through new FIFA stores and retail partners.