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Li & Fung preparing to list brand division

2014.05.26


A decade ago, Li & Fung considered brand ownership the missing piece in its global sourcing portfolio. Now it’s planning to list the division on the Hong Kong exchange, according to a report from Bloomberg.

The sourcing giant announced its intention to spin off the branded business in March. Bloomberg sources put the value of the division at $2 billion.

 

Source: Home Textiles Today

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