Essay Li&Fung

1288 Words 6 Pages
Li & Fung Limited
Press Conference August 12, 2010

Interim Results

2010 Interim Results Highlights
• Record high growth of core operating profit over a half-year period • Record high margins due to strong onshore businesses and increasing involvement in value-added services

• Delivered strong operating leverage with continued cost savings • Turnover modestly improved, reflecting the effects of early stage of the economic recovery together with contributions from previous acquisitions and outsourcing deals announced acquisition of 7 companies, and signed 4 licensing deals so far this year

• Entered into a landmark sourcing deal with Wal-Mart Stores, Inc.,

2010 Interim Results Highlights
(HK$m) Turnover (US$m*) Total
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and internationally

•Producing footwear under license from Coach and Calvin Klein as well as its own brands Frye, Mountrek and RJ Colt

•These brands are distributed through department stores and

specialty stores including Macy’s, Nordstrom, Neiman Marcus, Bloomingdales and Dillard’s •This acquisition is an important step in expanding our capabilities in the footwear business

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