BNET Industries

Last Fiscal Year Sales:$10.4B
- Public
- HK
Dow Jones Description
Founded in Guangzhou, the PRC in 1906, the Li & Fung Group is a multinational group of companies driving strong growth in three distinct core businesses - export sourcing through Li & Fung Limited, distribution through IDS and retailing through CRA and other non-listed entities. The Li & Fung Group has a total staff of over 25,000 across 40 countries worldwide, with a total revenue of over US$10.4 billion in 2006.
President
Bruce Philip RockowitzNumber of Employees 25,000
Contact Information
11th Floor, LiFung Tower
888 Cheung Sha Wan Road
Kowloon
(852) 2300 2300
Peer Companies
NAICS Code Administrative Management and General Management Consulting Services: 541611
Recent Events
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China Stocks, Casinos Rise
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HK, China shares gain; gold, metal stocks up
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China Stocks Advance; China Mobile Earnings
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UPDATE 1-Li & Fung says to buy US Wear Me apparel business
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Talbots posts narrower-than-expected loss
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Talbots and Li & Fung Enter into Exclusive Global Sourcing Agency Agreement
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Stocks May Fight To Retain Late-week Buoyancy - RTTNews Daily Market Analysis
News & Analysis
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li & fung ltd. - All News and Analysis
HONG KONG
Stock markets The Hang Seng index fell 0.7 per cent in a volatile session as local developers slid on a grim economic outlook, but Li & Fung jumped 11.6 per cent after it signed an outsourcing agreement abroad. But Hong Kong's top developer, Sun Hung Kai Properties,...
Hong Kong
WORLD MARKETS Investors dumped export-related stocks on worries over shrinking demand from US consumers. The Hang Seng fell 179.5, or 0.8 per cent, to 22,455.7. Consumer goods and textile exporter Li & Fung shed 6.7 per cent after Merrill Lynch downgraded its stock on concerns about US consumer...
WORLD MARKETS
Hong Kong The Hang Seng advanced for a third straight session, boosted by Wall Street's overnight gain on unexpectedly strong US retail sales for January. The index gained 852.1, or 3.7 per cent, to 24,021.7. Hong Kong exporters rose on hopes the retail data for January might signal...
WORLD MARKETS
Hong Kong Most Hong Kong stocks fell as invest-ors sought to cash in after a report that the financial services giant Merrill Lynch is expected to suffer higher-than-forecast losses from soured mortgage investments. Export play Li & Fung and global fash-ion retailer Esprit Corp both slid for the...
Asian manufacturer says it's not really a Levitz creditor.
By Clint Engel New York- The U.S. representative for Asian manufacturer Haining Nice Harvest Furniture, listed in court documents as among Levitz Furniture's top unsecured creditors, said the factory does not do business directly with the retailer. Haining Nice's Jeff Wargowsky...
Competing in a Flat World
Competing In A Flat World Victor K. Fung, William K. Fung, Yoram Jerry Wind Wharton School Publishing c/o Pearson Technology Group 801 East 96h Street, #300, Indianapolis, IN 46240-3759 9780132332903, $27.99 www.mcp.com 1-800-428-5331 The collaborative effort of Victor K. Fung (Group Chairman of Li...
Li & Fung shoehorns PBI into its strategy
[Sourcing] Hong-Kong based sourcing firm Li & Fung has bought Marks & Spencer's shoe supplier Peter Black International PBI in a deal worth over £48 million. PBI also supplies products to Teseo, Next, Sainsbury's, The Body Shop and Boots. Alongside the PBI deal, the company announced its $148...
Hong Kong fell for a second sessin [Derived headline]
The Hang Seng fell for a second session, tracking declines in regional markets, on fresh concerns in the US over the health of its housing market and weak consumer confidence figures. The Hang Seng fell 343.2, or 1.5 per cent, to 23,020.6. Blue chips with links to the US market...
Li & Fung hires Miller to manage engineering.(David Miller appointed at Li and Fung Ltd.)
Staff Hong Kong- Li & Fung, a Hong Kong-based export trading company, has hired industry veteran David Miller as regional engineering manager for its furniture division. Miller was a regional manager for Bernhardt Asia from 2000 to 2006. Previously, he worked...
Hilfiger sells sourcing team
[Sourcing] Fashion design house Tommy Hilfiger has sold its global sourcing department to the Hong Kong based sourcing firm Li & Fung (L&F) for $247 million (£128 million). Hilfiger's buying offices in Hong Kong, Taiwan, India, Bangladesh and Sri Lanka will be integrated into L&F's sourcing network. L&F...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Bruce Philip Rockowitz | President |
| Richard Darling | President, Li & Fung USA |
| Thomas Haugen | President, Li & Fung USA Business Stream |
| James Siu | Chief Compliance Officer |
| Danny Lau | Executive Director |
| Dow Famulak | Executive Director |
| Emily Mak | Executive Director |
| Henry Chan | Executive Director |
| Leung Wai Ping | Executive Director |
| Marc Compagnon | Executive Director |
| William Fung | Group Managing Director |
| Edward Yim | Financial Controller |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Victor Fung | Chairman |
| Allan Chi Yun Wong | Board of Directors |
| Butt Lau | Board of Directors |
| Makoto Yasuda | Board of Directors |
| Paul Selway-Swift | Board of Directors |
| Warren McFarlan | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | President | Current |
| Li & Fung Ltd. | Board of Directors | Current |
| Li & Fung Ltd. | Executive Director | Former |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | President, Li & Fung USA | Current |
| Fashion Delivers Charitable Foundation Inc | President, Li & Fung, USA | Current |
| American Apparel and Footwear Association | Board of Directors | Current |
| Fashion Delivers Charitable Foundation Inc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | President, Li & Fung USA Business Stream | Current |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | Chief Compliance Officer | Current |
| PricewaterhouseCoopers | Former | |
| University of Tasmania | Bachelor of Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | Executive Director | Current |
| Li & Fung Ltd. | Board of Directors | Current |
| University of Kansas | Bachelor of Science Degree in Business and Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | Executive Director | Current |
| Baker & McKenzie Global Services LLC | Partner | Former |
| University of British Columbia | B.A., Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | Executive Director | Current |
| University of Hong Kong | Bachelor of Social Sciences Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | Executive Director | Current |
| Li & Fung Ltd. | Board of Directors | Current |
| Chinese University of Hong Kong | MBA degree | Former |
| University of Hong Kong | Bachelor of Social Science degree | Former |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | Executive Director | Current |
| Li & Fung Ltd. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | Executive Director | Current |
| University of Vermont | B.S. | Former |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | Group Managing Director | Current |
| Li & Fung Ltd. | Managing Director | Current |
| Lf Venture Capital | Managing Director | Current |
| Convenience Retail Asia Limited | Board of Directors | Current |
| CLP Holdings Limited | Board of Directors | Current |
| VTech Holdings Ltd. | Board of Directors | Current |
| Li & Fung Ltd. | Board of Directors | Current |
| Lf Venture Capital | Hong Kong Investment Advisory Member | Current |
| HSBC Holdings plc | Former | |
| Commerce Corp. | Chairman | Former |
| Power LLC | Board of Directors | Former |
| Harvard Business School | MBA | Former |
| Princeton University | Bachelor of Science degree in Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | Financial Controller | Current |
| University of New South Wales | Master of Commerce Degree | Former |
| Chinese University of Hong Kong | Bachelor of Business and Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | Chairman | Current |
| Orient Overseas (International) Limited | Board of Directors | Current |
| Lf Venture Capital | Hong Kong Investment Advisory Member | Current |
| Harvard Business School | Professor of Finance | Former |
| Bank of China | non-executive director | Former |
| Li & Fung Ltd. | Board of Directors | Former |
| Harvard University | Doctorate in Business Economics | Former |
| Massachusetts Institute of Technology | Bachelors and a Masters degree in Electrical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Technology Research Institute, Inc. | Chairman | Current |
| Li & Fung Ltd. | Board of Directors | Current |
| VTech Holdings Ltd. | Board of Directors | Former |
| University of Wisconsin | Master of Science degree in Electrical and Computer Engineering | Former |
| University of Hong Kong | Bachelor of Science degree in Electrical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | Board of Directors | Current |
| Li & Fung Ltd. | Financial Controller | Former |
| University of London | B.S., Physics | Former |
| Organization | Position | Status |
|---|---|---|
| Li & Fung Ltd. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Purecircle Limited | Non-Executive Chairman | Current |
| Temenos Group AG | Board of Directors | Former |
| Alba Plc | Board of Directors | Current |
| China Export Finance | Non-Executive Board Member | Current |
| Li & Fung Ltd. | Board of Directors | Current |
| Hongkong and Shanghai Banking Corporation Limited | Executive Director | Former |
| Singer & Friedlander Group plc | Chairman | Former |
| The Green Lite | Non-Executive Chairman | Former |
| Kaupthing Bank | Chairman | Former |
| Hang Seng Bank | Director | Former |
| Novae Group plc | Member | Former |
Mr. McFarlan was appointed to a Director of the Company in December 2004. Since 1973, he has been a professor at Harvard Business School. In this position, he has had a significant role in introducing materials on Management Information Systems to all major programs at the Harvard Business School since the first course on the subject was offered in 1962. He has also been a long-time teacher in the Advanced Management Program: International Senior Managers Program, Delivering Information Services Program, and several of the Social Sector programs. He currently teaches in the second-year course entitled "Managing in the Information Age." During his long tenure at Harvard Business School, Mr. McFarlan has served in many capacities, most recently as Senior Associate Dean and director of Harvard's Asia-Pacific Initiative from 2000 to 2004. From 1995 to 2000, he was Senior Associate Dean and Director of External Relations. From 1991 to 1995, he was Senior Associate Dean and Director of Research. From 1979 to 1980, he was Chairman of all executive education programs. From 1975 to 1978, he was Chairman of the Advanced Management Program. In 1973, shortly after his appointment to full professor, Mr. McFarlan, along with four other faculty members, was sent to Switzerland to set up Harvard Business School's International Senior Management Program. Mr. McFarlan earned his A.B. from Harvard University in 1969 and his M.B.A. and D.B.A. from the Harvard Business School in 1961 and 1965, respectively.
| Organization | Position | Status |
|---|---|---|
| INVESTools Inc. | Current | |
| Li & Fung Ltd. | Board of Directors | Current |
| Harvard Business School | Executive Education Programs | Former |
| Harvard University | A.B. | Former |
| Harvard Business School | D.B.A. | Former |
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