NEWS FROM THE STANDARD |
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Furiously Fast Fashions
Jun 04 2001 12:00 AM PDT
PROFILE |
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Li & Fung goes to the source. The global consumer products trader acts as a supply chain manager for US and European retailers sourcing high-volume, time-sensitive consumer goods, primarily in Asia. Offering comprehensive logistics services, the company has an extensive network of suppliers in China. It focuses on garments but also sources goods such as handicrafts, home furnishings, shoes, sporting goods, tableware, and toys. Li & Fung is leveraging its strength in Asia to expand its sourcing network to Eastern Europe, the Mediterranean area, and Central and South America. Chairman Victor Fung and his brother, managing director William Fung, own 42% of the firm, which is part of a family business founded in 1906.
COMPETITION |
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Exel plc (EXL)
Global Sources Ltd. (GSOL)
Tibbett & Britten Group plc (TBG)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 2,097.50
1-Yr. Sales Growth: 13.5%
Employees: 2,852
Revenue per employee: $735,448.81
KEY PEOPLE |
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William K. L. Fung
CEO
CONTACT INFO |
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11th Fl., LiFung Tower, 888 Cheung Sha Wan Rd.
Kowloon, Hong Kong
Phone: 852-2300-2300
Fax: 852-2300-2000
Online: Web Site
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