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March 25, 2009

Li & Fung Net Falls 21 Percent

Costs, acquisitions hit bottom line despite 20 percent jump in sales at sourcing giant.

By Constance Haisma-Kwok

financial/news

HONG KONG — “Deflation is here to stay.”

So said William Fung, global managing director of Li & Fung Ltd., who said Wednesday that the sourcing giant...

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Latest Articles from Business

Li & Fung Net Falls 21 Percent

Costs, acquisitions hit bottom line despite 20 percent jump in sales at sourcing giant.

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