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| Type | Public company |
|---|---|
| Founded | 1906 |
| Headquarters | Hong Kong |
| Key people | Victor Fung, Chairman, William Fung, Managing Director, Bruce Rockowitz, President |
| Industry | Supply Chain Management |
| Products | Apparel, Home products, Furnishings, Toys, Health & Beauty Care Products |
| Revenue | ▲$12 billion USD |
| Website | www.lifung.com |
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.
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.
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