Li Fung Towers

“During these turbulent times, our business foundation remains solid” – Li & Fung chief executive Spencer Fung, 2016 interim results.

I have been wondering for some time whether Li & Fung should entertain a more comprehensive restructuring than the soft break-up it announced almost three years ago – and that time might have come.

One caveat is that a radical overhaul of the Hong Kong-based sourcing and supply chain specialist would be hard to execute by business units, which is how these ...

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