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.
The US clothing giant ended its 2014 fiscal year with 12.282 billion US dollars in sales, up 8% compared to 2013. It expects the same growth in 2015 at constant exchange rates, and 3% after currency exchange.
May Trading, the British retail supplier, for chains like Primark, Topman and Next, has been acquired by Hong Kong Li&Fung. Which means that Li&Fung now holds three retail suppliers via European Apparel Group.