AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share

Li & Fung

Company nameLi & Fung Limited
Company typePublic company
IndustrySupply Chain Management
HeadquartersHong Kong
Key peopleVictor Fung, Chairman, William Fung, Managing Director, Bruce Rockowitz, President
ProductsApparel, Household goods, Furnishings, Toys, Health & Beauty Products
Revenue(+)$12 billion USD

     Home | Company | Li and Fung

Li & Fung Limited (Chinese: 利豐有限公司) (Sehk - 0494) is a global trading group supplying high-volume, time-sensitive consumer goods. Garments make up a large part of the Li & Fung business which also covers the sourcing of hardgoods such as fashion accessories, furnishings, gifts, handicrafts, home products, promotional merchandise, toys, sporting goods and travel goods.

As a Supply Chain Manager across many producers and countries, Li & Fung provides product design and development, raw material and factory sourcing, production planning and management, quality assurance and export documentation to shipping consolidation.

Founded in Guangzhou (Canton) in 1906, Li & Fung is today headquartered in Hong Kong from where it co-ordinates the manufacture of goods through a network of 70 offices in 40+ countries. While cost considerations have resulted in the concentration of manufacturing activities in Asia, recent years have seen an expansion of Li & Fung 's quick-response capabilities in areas like the Mediterranean, Eastern Europe and Central America that are closer to customers in Europe and the US. Instead of owning any production facilities, Li & Fung manages a large number of independent producers (7500 as of 1998).

Li & Fung is a member of the Li & Fung Group of companies, which also includes privately held Retailing and publicly listed Distribution businesses. With an annual turnover of around US$12 billion, Li & Fung (Trading) Limited employs about 15,000 people worldwide.

The Fung brothers, William and Victor, were featured in a December 2009 Fortune article titled "The Unstoppable Fung Brothers"

Warning: simplexml_load_file( [function.simplexml-load-file]: failed to open stream: HTTP request failed! HTTP/1.0 410 Gone in /home/askbio/public_html/index_bio.php on line 257

Warning: simplexml_load_file() [function.simplexml-load-file]: I/O warning : failed to load external entity "" in /home/askbio/public_html/index_bio.php on line 257

Fatal error: Call to a member function children() on a non-object in /home/askbio/public_html/index_bio.php on line 260