Browse by year
31 Aug 2022
Maersk completes acquisition of LF Logistics
Li & Fung announced the completion of the sale of LF Logistics, to A.P. Moller - Maersk, an integrated logistics company working to connect and simplify its customers’ supply chains.
01 Feb 2022
Sodalis acquires Lornamead company in Germany and a portfolio of brands in UK from Meiyume
Meiyume streamlines focus on packaging, turnkey, retail solutions and insights for the beauty industry.
14 Jan 2022
Consumer goods market shows steady recovery as the market looks towards green consumption and rural consumption
Release of Ten Highlights of China’s Commercial Sector, 2022
22 Dec 2021
Li & Fung and Maersk form long-term strategic partnership and announce acquisition of LF Logistics by Maersk valued at US$3.6bn
With Li & Fung’s upstream digital and sourcing expertise and Maersk’s downstream logistics capabilities, the two companies will begin to offer our respective customers the opportunity to take advantage of this unique end-to-end value chain proposition anchored upon operations excellence, technology, and sustainability.
06 Oct 2021
Meiyume’s latest collection is sustainable and an ode to 80s inspired nostalgia
This is the first time that Meiyume has combined their packaging and formulation capabilities for clean and sustainable beauty.
18 Aug 2021
LFX launches Air8 with GLP Financial Services as strategic partner to serve supply chain financing needs of SME suppliers
Air8 leverages Li & Fung’s ecosystem to build a fintech platform that capitalizes on supply chain experience to focus on cross-border trade finance in the apparel and general merchandise sectors.
27 Jul 2021
Manufacturing for one: Meiyume develops new manufacturing system for bespoke products
Meiyume's supply chain has been quickly adapting to support brands to meet the demand for more personalized products.
07 Jul 2021
Li & Fung further expands JD.com’s private brand offerings
Partnership to create insight-driven brands for new segments and leverage consumer-to-manufacturer (C2M) model to enable smarter production and faster speed to market
20 May 2021
LFX acquires remaining stake in FNX Technologies to enhance its digital product creation & commerce capabilities
FNX’s media and entertainment experts deliver photorealistic 3D images 20x faster to enable apparel brands to scale 3D journey.
10 May 2021
LF Logistics makes appearance at Hainan Expo to demonstrate its commitment for the development of the Hainan Free Trade Port and signs agreement to build Global Consumer Boutique Center
Taking a dual role of an exhibitor and service provider of comprehensive supply chain management solutions and services and signed cooperation agreement to deepen its presence in the Hainan region.
28 Apr 2021
LFX launches UNIFi3D, a 3D-as-a-service company, to help apparel brands accelerate their digital transformation journeys
Former Li & Fung 3D team brings extensive experience in digital product creation and manufacturing know-how.
08 Apr 2021
LFX launched to capitalize on new digital opportunities transforming the retail industry and enabling supply chain sustainability
Builds on Li & Fung’s 100+ years of experience and deep connections in 40+ economies around the world to incubate, invest, and operate companies that enable supply chain sustainability.
24 Mar 2021
MEIYUME’s Infinitely Recyclable Aluminium lipstick case is a sustainable take on classic beauty
This is the second addition to their sustainable aluminium packaging range.
02 Mar 2021
MEIYUME achieves LEED Platinum certification in Indonesia
The LEED Platinum certification recognizes Meiyume for best-in-class green building strategies and practices on an international level. This is the first project in Indonesia to be certified LEED Platinum.
19 Jan 2021
MANA Products, Meiyume, and RPG form The Vertical Beauty Alliance to deliver seamless, end-to-end beauty solutions around the world
The Vertical Beauty Alliance will be a revolutionary industry alliance which creates a supply chain nucleus for the development, manufacturing and merchandising of beauty products on a global scale.
15 Jan 2021
LF Logistics and YUXINOU reach strategic cooperation to develop a multimodal transport system
A strategic agreement to form a long-term partnership to further the development of a multimodal transport system for the China-Europe freight railway, providing stronger and more comprehensive end-to-end logistics services for leading international and Chinese brands.
30 Nov 2020
MEIYUME showcases Smart Refill System Range
The Smart Refill Packaging range is Meiyume’s answer to the growing consumer need for sustainability and convenience.
25 Nov 2020
LF Logistics and GLP roll out new Digital Dock Management Solution at LF Logistics’ new Transportation Super Hub in Shanghai
LF Logistics and GLP collaborated to implement new technology solutions at the opening of a new 24-hours Transportation Super Hub in Jiading district, Northwest of Shanghai.
09 Nov 2020
MEIYUME launches Infinite Aluminium Packaging Range
The Infinite Aluminium range is a testament to Meiyume’s continuous focus and commitment to sustainability.
06 Nov 2020
Fung Group makes its third appearance at CIIE to showcase a future-ready global supply chain innovation ecosystem
Fung Group showcased innovations shaping the future of digital supply chains in the post-epidemic era.
05 Nov 2020
Convenience Retail Asia to sell 340 Circle K stores to Alimentation Couche-Tard – the owner of the Circle K brand
Convenience Retail Asia to sell 340 Circle K stores to Alimentation Couche-Tard – the owner of the Circle K brand for an estimated cash consideration of HK$2.8 billion. Company intends to declare a Special Cash Dividend of HK$3.85 per share.
08 Sep 2020
Unlocking manufacturers’ innovative capacity is key to realising circular fashion, urges new report
Through our partnership with Forum for the Future’s Circular Leap Asia Initiative, Cobalt Fashion and the Fung Group explored prototypes for a reverse supply chain that could unlock value in returned garments while providing sustainable, recycled fiber in “new” garments.
07 Sep 2020
MEIYUME develops molded pulp range to empower sustainable beauty solutions
The molded pulp range is made from 100% recyclable materials for long-term sustainable beauty
04 Sep 2020
ICC launches high-level advisory group to prime trade finance to power COVID-19 recovery
Co-chaired by Dr. Victor K. Fung, Chairman of the Fung Group, and Marcus Wallenberg, Chair of SEB, the Advisory group will work to inform policy reforms and interventions to prime the trade credit ecosystem to power a rapid economic recovery from COVID-19.
31 Jul 2020
Li & Fung Partners with JD.com to Accelerate Development of Digital Supply Chain
Li & Fung today announced a strategic investment of US$100 million from JD.com , with newly issued capital (at HK$1.25 per share) to further develop its digital supply chain.
29 Jul 2020
MEIYUME develops Gemstone Facial Wand for touchless skincare application
Meiyume’s Gemstone Facial Wand, made with a premium soft touch silicone spatula for skincare application, is ideal for hygienic beauty regimens at home.
14 Jul 2020
ELEVATE and Fung Group support supply chain resilience and sustainability with WorkerApp
ELEVATE and Fung Group, today announced an agreement to transform and improve factory performance and strengthen the recovery of retail supply chains from COVID-19 with WorkerApp.
08 Jul 2020
MEIYUME appoints Matthew Heuer as new Head of US to support ongoing transformation and future growth
Meiyume has appointed Matthew Heuer as Senior Vice President for Meiyume Americas. In this role, Matthew will have full responsibility of the Meiyume business in the US.
11 Jun 2020
MEIYUME’s touchless sampling tester sets new normal for beauty retail
Meiyume, is prototyping a touchless sampling tester to create a safe and hygienic in-store environment for consumers and retail staff.
27 May 2020
Li & Fung delists from HKEX & sets course for long-term transformation
As a privately held company, Li & Fung is owned and managed by the Fung Family and Singapore-headquartered GLP Pte Ltd., a leading global logistics warehouse operator and investor.
13 May 2020
Li & Fung Announces Shareholder Approval for Privatization
Li & Fung Limited announced that the Company’s shareholders have approved the privatization proposal offered via a Scheme of Arrangement by Golden Lincoln Holdings I Limited, whose shareholders are the Fung Family and Singapore-based GLP Pte Ltd., a leading global logistics warehouse operator and investor, at the Court Meeting and Special General Meeting.
16 Apr 2020
MEIYUME transforms its manufacturing facilities to support medical staff and facilities amidst COVID-19
Meiyume (a Fung Group company), a one-stop shop partner providing product and retail solutions for the beauty industry, is doing its part to support those impacted by the global COVID-19 pandemic.
12 Dec 2019
Li & Fung and First Insight announce global strategic partnership to integrate Voice of the Customer analytics into Li & Fung’s Digital Supply Chain Solutions
The partnership will integrate First Insight’s Voice of the Customer analytics into Li & Fung’s Digital Product Development solution, enabling brands and retailers to select, price and buy designs with greater confidence, increasing sell through and reducing mark downs.
05 Nov 2019
Fung Group outlines smart supply chain transformation at second China International Import Expo
Fung Group unveils its one-stop solutions in smart supply chain management at the China International Import Expo (CIIE), attended by more than 3,000 exhibitors and over 170,000 domestics and foreign professional buyers.
01 Nov 2019
22 Factor redefines fashion manufacturing with latest on-demand 3D knitting service
The offering takes an eco-friendly digital approach, revolutionizing traditional knitwear manufacturing and allowing designers and brands to produce garments in smaller quantities and minimize excessive production.
29 Oct 2019
Li & Fung signs Nike and Ocean Conservancy Arctic Shipping Pledge to prevent harmful shipments in Arctic waters
Li & Fung Limited, the world’s leading supply chain solutions partner for consumer brands and retailers, announced that LF Logistics, the Company’s logistics business, has signed a pledge to support an initiative launched by its customer, Nike, and Ocean Conservancy to prohibit shipping through the Arctic Ocean.
24 Sep 2019
Speech: Global trade towards 2030 and beyond: A long-term international trade foresight
At the International Chamber of Commerce (ICC)’s 20th anniversary celebration in Bangkok, Thailand, Dr. Victor Fung gave a speech that urges world leaders to embark on a new century of sustainable, inclusive trade, riding on the many global shifts transforming our world and the potential economic consequences of the current trade tensions.
05 Aug 2019
LF Products rebrands as Living Style Group
LF Products (a Fung Group company), a leading pure-play furniture and home furnishings company announced that it will operate under the new brand name of Living Style Group.
28 Jun 2019
Li & Fung announces investment of US$300 million by Temasek in LF Logistics
Li & Fung announces it has entered into a Subscription Agreement with Temasek, the Singapore-headquartered investment company, for a cash consideration of US$300 million for approximately 21.7% stake of its Logistics business.
31 May 2019
Speech: Towards a new Century of Sustainable, Inclusive Trade: A Rallying call for Merchants of Peace (2019)
At the International Chamber of Commerce (ICC)’s centenary celebration, Dr. Victor Fung gave a speech that urges world leaders to embark on a new century of sustainable, inclusive trade, riding on the many global shifts transforming our world and the potential economic consequences of the current trade tensions.
28 Mar 2019
Fung Group and Ruyi Group Form Strategic Partnership to Develop Textile and Garment Business in Emerging Markets
Fung Group and Ruyi Group announced a strategic partnership to jointly develop new growth opportunities in the global textile and garment sector, specifically in the emerging Africa market.
13 Mar 2019
Fung Retailing Group and JD.com Showcase Hong Kong’s First AI Checkout Experience
Fung Retailing Group and JD.com today unveiled Hong Kong’s first AI-powered checkout solution in a retail store environment, a result of the strategic partnership between the retail giant and JD.com signed in 2018.
29 Jan 2019
Fung Group appoints Marc Compagnon as Senior Advisor
Fung Group appoints Marc Compagnon as Senior Advisor. Working across the Fung Group of companies, whose core businesses operate across the entire global supply chain for consumer goods including sourcing, logistics, distribution and retail, Marc will lead its initiative to build a network of strategic industry partners.
03 Dec 2018
LF Beauty unveils exciting new rebrand as MEIYUME
LF Beauty announced that starting today, it will operate under the new brand name of MEIYUME (pronounced may-you-may). As the beauty company behind the beauty industry, the rebrand signifies both MEIYUME’s evolution as a company and its response to the rapidly-changing beauty landscape and the changing face of today’s consumer.
16 Nov 2018
Toys “R” Us Asia Announces New Joint Ownership Structure
Taj Noteholders and Fung Retailing have reached an agreement to partner on Toys “R” Us Asia business where Fung Retailing will acquire, at the transaction value, an incremental 6% of the Company from the Taj Noteholders, thereby increasing Fung Retailing’s ownership to approximately 21% of the Company, making it the largest shareholder in the Company. This transaction facilitates the separation of the Asian business from its ultimate parent Toys “R” Us, Inc. and positions the Company well for an exciting new chapter of growth.
06 Nov 2018
Alibaba Group and Fung Retailing Form Strategic Partnership
Fung Retailing Limited, with a global network of over 3,000 stores, and Alibaba Group Holding Limited (NYSE: BABA), today announced a strategic partnership to bring more international lifestyle brands to mainland China.
07 Aug 2018
Fung Investments Makes US$35 Million Investment in Digital Retail Startup ShopX
Fung Strategic Holdings Limited (“FSH”), a member of Fung Investments, today announced a US$35 million investment in India's leading B2B e-commerce company ShopX. Fung Investments is the private investment arm of the families of Dr. Victor Fung and Dr. William Fung, the controlling shareholders of the Fung Group.
24 Jul 2018
Cobalt Fashion Opens Innovation Lab in Hong Kong
Lab will focus on driving innovation in the design, manufacture and sustainability of knitwear for the fashion industry
25 Jun 2018
Fung Group looks to Open Innovation at its Latest Supply Chain-themed Hackathon
Hackathon brings together internal and external experts to co-create solutions focused on global supply chains using real-life business data and challenges. Hackathon is one example of Fung Group’s commitment to creating a culture of open innovation to accelerate innovation and engage future talent.
22 May 2018
LF Beauty’s Creative Days envisions the future of beauty in China
Leveraging its global network of resources and expertise, LF Beauty helps co-create innovative products and solutions with beauty players in China.
06 Mar 2018
Deborah Weinswig to set up research and advisory firm with Fung Group as key client
Fung Business Intelligence, the research arm of the Hong Kong-based multinational Fung Group whose businesses span the entire global supply chain for consumer products, today announced that Deborah Weinswig, Managing Director of its retail technology research arm, Fung Global Retail & Technology (FGRT), will leave the company and start a new company, Coresight Research, that will continue providing analysis and consulting services. The Fung Group will be a founding customer of Coresight Research.
29 Jan 2018
Multinational Fung Group to Boost Presence and Business Development Activities in Southeast Asia
Fung Group opens new regional hub with an aim to leverage the country's strength as a gateway and centre for innovation.
05 Dec 2017
Fung Group Announces Collaboration with Christensen Institute to Create Supply Chain of the Future
The Clayton Christensen Institute for Disruptive Innovation and the Fung Group are pleased to announce a five-year collaboration to explore how global market shifts and rapidly advancing technology are disrupting industries and paving the way for supply chains of the future.
24 Sep 2015
Fung Group opens Explorium, its omnichannel research laboratory in Shanghai
A large-scale laboratory for rapid experimentation with omnichannel techniques and trends that are shaping the future of retail was unveiled today in Shanghai by the Fung Group, a Hong Kong-based multinational with international brands and retail operations across China.
16 Jun 2015
Fung Group Appoints Jason Yeung as Chief Compliance and Risk Management Officer
The privately-held Fung Group, whose publicly-listed companies are Li & Fung Limited (SEHK: 00494), Global Brands Group Holding Limited (SEHK: 00787), Trinity Limited (SEHK: 00891) and Convenience Retail Asia Limited (SEHK: 00831), today announced the appointment of Jason Chi Wai Yeung as Chief Compliance and Risk Management Officer.
13 Apr 2015
Innovating in the New Global Economy – the Hong Kong-PRD Advantage
Remarks by Dr Victor K Fung, Chairman of the Fung Group, at the CAE-HKAES Joint Summit on Innovation and Technology Industry in Hong Kong and the Pearl River Delta, (PRD), The Hong Kong Polytechnic University.
26 Nov 2014
Hong Kong’s Future in the New Global Economy
Keynote Address by Dr Victor K. Fung, Chairman of the Fung Group at the 20th Annual Hong Kong Business Summit of the Hong Kong General Chamber of Commerce Hong Kong.
09 May 2014
Fung Business Intelligence Centre: The appointment of Ms Deborah Weinswig as Executive Director and Head of Global Retail Research & Intelligence
The Fung Business Intelligence Centre, the research arm of the Hong Kong-based multinational Fung Group whose publicly-listed and privately-held businesses span the entire global supply chain for consumer products, has announced the appointment of Ms Deborah Weinswig as Executive Director and Head of Global Retail Research & Intelligence with immediate effect. Based in New York, she will report to the senior management of the Fung Group.
01 Feb 2013
Fung Group establishes joint venture with Furla
Italian premium leather goods and fashion accessories retailer Furla plans to open over 100 boutiques over the next four years in more than 40 cities in Greater China, the Bologna based family-owned company announced today. Furla has teamed up with the Fung Group through Fung Capital Asia, the private strategic investment arm of the families of Victor and William Fung, to tap the growing demand of Chinese consumers for products of distinction with a strong heritage.
04 Jan 2013
Fung Retailing Acquires Majority Stake in the Suhyang Group
Fung Retailing Limited, a wholly-owned subsidiary of the privately held Fung Group, today announced that its joint venture with funds managed by private equity firm AEA Investors LP has acquired a 70% stake in the Suhyang Group, Korea's pre-eminent retailer of baby’s and children's apparel.
10 Aug 2012
Li & Fung and Trinity on Hang Seng Corporate Sustainability Index Series
Li & Fung Limited (SEHK: 00494) has been selected as a constituent stock of the Hang Seng Corporate Sustainability Index and the Hang Seng Sustainability Benchmark Index; and Trinity Limited (SEHK: 00891) has been selected as a constituent stock of the Hang Seng Sustainability Benchmark Index.
24 Nov 2011
Global Supply Chains – Past Developments, Emerging Trends
A speech by Dr Victor Fung The Luncheon Meeting of Century 21 Club on 24 November 2011, 12:15pm at Drawing Room, Grand Hyatt Hotel.
09 Oct 2011
Remarks at the 3rd ICC Asia Pacific Regional Consultative Meeting
Remarks by Dr Victor Fung, New Delhi.
25 Jun 2011
In Times of Great Global Transformations, What Are the Role and Duties of Future Leaders?
Koc University, Commencement Address by Dr Victor K. Fung.
25 Jun 2011
Hong Kong’s Advantages as a Business Platform, Helping Turkish Companies Tap the Chinese Mainland
Keynote speech at the Four Seasons Bosphorus Hotel, Dr Victor Fung, Istanbul.
21 May 2011
The Economic Outlook of Hong Kong in the Context of China’s 12th Five-Year Plan
A Speech by Dr Victor Fung to the Students and Professionals at Savantas Liberal Arts Academy.
30 Jun 2010
Closing Remarks ICC World Business Summit 2010
Closing remarks by Dr Victor K. Fung as Chairman of International Chamber of Commerce at ICC World Business Summit 2010 in Hong Kong.
27 May 2010
Opening Remarks ICC World Business Summit 2010
Opening remarks by Dr Victor K. Fung as Chairman of International Chamber of Commerce at ICC World Business Summit 2010 in Hong Kong.
10 Sep 2008
Global Business in the 21st Century: Asia-Pacific Perspectives
Delivered by Dr Victor K. Fung as Chairman of International Chamber of Commerce in Frankfurt, Germany.
30 Jul 2008
Competing in the Flat World: the Li & Fung Experience
Delivered by Dr. Victor K. Fung as Chairman of the International Chamber of Commerce & Chairman of Li & Fung Group at the Sun Yun-Hsuan Management Forum.
30 Jul 2008
Second International Conference on Operations and Supply Chain Management
Delivered by Dr. Victor K. Fung as Chairman of the International Chamber of Commerce at The Second International Conference on Operations and Supply Chain Management.
16 Apr 2008
Hong Kong’s Economic Integration with the Mainland: The Opportunities, Challenges and Solutions
Delivered by Dr Victor K. Fung Chairman, Li & Fung Group to Business and Professionals Federation of Hong Kong.