1. Big Retail Squeezes Hong Kong Middleman.
- Author
-
CHU, KATHY
- Subjects
- *
CONSUMER goods , *DISTRIBUTORS (Commerce) , *MERGERS & acquisitions , *RETAIL industry , *INTERNATIONAL competition , *ECONOMICS , *ECONOMIC history ,REVENUE - Abstract
The article discusses the decreasing profits of Chinese consumer goods provider Li and Fung Limited. According to the article, despite providing products to retailers such as Target Corp. and Wal-Mart Stores Inc. and increasing its acquisitions Li and Fung's revenue rose only 4% during the first half of 2012. The article also looks at how direct sales from factories to retailers and the global economy have affected Li and Fung's profits.
- Published
- 2012