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March 24, 2011

Li & Fung Stays on Prowl as Net Rises

Company unveiled a new three-year plan to achieve a “core” operating profit of $1.5 billion by 2013.

By Constance Haisma-Kwok

financial/news

HONG KONG — Hong Kong-based sourcing giant Li & Fung said Thursday it remains in full acquisition mode as the company moves to reshape its business over the next three years.

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Latest Articles from Business

Li & Fung Stays on Prowl as Net Rises

Company unveiled a new three-year plan to achieve a “core” operating profit of $1.5 billion by 2013.

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