Analysis: All eyes on 2024 but already DHL smells (a lot) of break-up value
…the parts have seldom been more compelling
“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 ...