Starker Rebound Li +Fung/ IPO Tochter - 500 Beiträge pro Seite

[binda]

Li + Fung hat in den letzten Monaten sämtliche Verluste wieder wettgemacht.
Außerdem steht das IPO der Tochter Trinity an.



18.09.2009 7:58
Empfehlen
Drucken
Bookmarken UBS hebt Kursziel für Li & Fung an
Hongkong 18.09.09 (www.emfis.com) UBS hebt das Kursziel für die Aktie des Einzelhändlers Li & Fung von bisher 32 HKD auf jetzt 37 HKD an und behält seine “ buy “ Einstufung bei.
Es wird aber darauf verwiesen, dass für den aus Singapur kommenden Staatsfond Temasek die lock-up Periode ausläuft und nicht klar sein, ob es zu einer Gewinnmitnahme kommt.
UBS empfiehlt Rücksetzer abzuwarten und dann einzusteigen.
Die Aktie verliert bis zur Mittagspause um 1,9 Prozent auf 28,05 HKD.


Wirtschaftsnews - & IPO - 15.10.09

Hongkong: Li & Fung bringt die Tochter Trinity an die Börse

Hongkong 15.10.09 (www.emfis.com) Der an der Hongkonger Börse gelistete Handelskonzern Li & Fung beabsichtigt nach eigenen Angaben, sein Tochterunternehmen Li & Fung Trinity ebenfalls an die Börse zu bringen.
Wie Victor Fung dazu mitteilte, ist je nach Börsenlage der Monat November im Visier für ein 100 Mio. US Dollar schweres IPO.
Das Unternehmen wird am 19. Oktober mit seiner Roadshow beginnen. Geplant ist der Börsenstart am 03. November.
JP Morgan und die Citigroup wurden als Emissionsbanken genannt.
Derzeit betreibt Trinity ein Portfolio von sechs Herrenmode Premium-Marken und ein Netzwerk mit über 345 Mono Brand Outlets in 37 Städten.
Die Aktie des Mutterunternehmens kann heute bis zur Mittagspause um 3,5 Prozent auf 34,35 HKD hinzugewinnen. Das ist der höchste Stand seit 17 Monaten. Seit Jahresbeginn konnte sich der Wert mehr als verdoppeln.

Quelle: EMFIS.COM, Autor: (il


Tja, Mutter wie auch Tochter sind beide sehr interressant. Wen nimmt man nun? Oder beide??
Wie hoch wohl der Ausgabepreis der Trinity ist?


Hat jemand eine Meinung? Wer ist , wie ich in Li+ Fung investiert?

Gruß binda

P.S. Der alte Thread schlummert selig vor sich hin und ist deaktiviert. Deshalb dieser neue Thread.

[binda]

HALF YEAR RESULTS TO 30 JUNE 2009
http://www.irasia.com/listco/hk/lifung/interim/ir46461-e0049…

[binda]

19.10.2009 12:09
UPDATE 1-Li & Fung says to buy US Wear Me apparel business
By Alison Leung

HONG KONG, Oct 19 (Reuters) - Hong Kong-based consumer goods exporter Li&Fung said on Monday it will pay up to $402 million to buy a U.S. young men's and children's apparel business, as part of its effort to expand overseas.

Li&Fung's purchase of U.S.-based Wear Me Group will also benefit the company's brands and private label businesses, it said in a statement.

The company, whose customers include U.S. retail giants Wal-Mart and Target, is relying on acquisitions and new outsourcing deals to meet expansion targets.

The company, whose president is former American competitive tennis player Bruce Rockowitz, has set a three-year plan from 2008-2010 with targets including annual turnover of $20 billion, and a core operating profit of $1 billion. Turnover in the first half of 2009 totaled HK$46.3 billion ($6 billion).

Li&Fung has completed three small roll-up acquisitions in China and the U.K. so far this year.

'We will continue to pursue our acquisition strategy and this deal is only one of the many opportunities that we are currently looking at,' Rockowitz, also executive director, said in the statement.

For a company statement please click http://www.hkexnews.hk/listedco/listconews/sehk/20091019/LTN…

(Reporting by Alison Leung; Editing by Chris Lewis)

[binda]

Keiner investiert???? Schade.

03.11.2009 08:20
Li & Fung Tochter Trinity Ltd startet IPO mit +82%
EMFIS.COM - Hongkong 03.11.09 (www.emfis.com) Heute startete das Tochterunternehmen von Li&Fung, die Trinity Ltd., äußerst erfolgreich seinen Börsengang in Hongkong.
Das Unternehmen, welches unter dem Stock - Code 00891 HK gehandelt wird, brachte seine 452 Mio. Shares zu einem Preis von 1,65 HKD. Das lag in Mitte der Preisspanne von 1,30 bis 1,71 HKD.
Der Eröffnungskurs lag mit 3 HKD um 82 Prozent über dem Ausgabepreis. In die Mittagspause ging es bei 2,69 HKD, was immer noch 63 Prozent Plus bedeutet. Das Hoch betrug bisher 3,21 HKD und das Tief 2,01 HKD bei einem Volumen von 1,31 Mrd. HKD.
Das Einnahmevolumen des Unternehmens wird mit etwa 746 Mio. HKD beziffert.
Derzeit betreibt Trinity ein Portfolio von sechs Herrenmode Premium-Marken und ein Netzwerk mit über 345 Mono Brand Outlets in 37 Städten.
Die Muttergesellschaft Li&Fung konnte bis zur Mittagspause ebenfalls hinzugewinnen. Es ging um 1,7 Prozent auf 32,25 HKD nach oben.

[binda]

05.11.2009 08:20
HSBC hebt Kursziel für Li & Fung an
EMFIS.COM - Hongkong 05.11.09 (www.emfis.com) Die HSBC hat das Kursziel für das Hongkonger Handelshaus Li&Fung von bisher 31 HKD auf jetzt 35 HKD angehoben. Die Einstufung „ neutral „ wird beibehalten.
Die Aktie gibt bis zur Mittagspause um 1,52 Prozent auf 32,35 HKD ab.

© 2009 EMFIS.COM


Newsletter EMFIS-Expert


Aktueller Kurs vom 9.11.09 : 34.45 (+5.19%)

[binda]

nächster deal

http://www.finanznachrichten.de/nachrichten-2010-01/16002125…
28.01.2010 10:47
Li&Fung says in $2 bln sourcing deal with Wal-Mart
HONG KONG, Jan 28 (Reuters) - Li&Fung Ltd said it has entered into sourcing agreement with Wal-Mart with value of $2 billion in the first year.
The exporter said on Thursday that the sourcing arrangement was non-exclusive and did not contain any sourcing volume commitments by Wal-Mart Group.


http://www.finanznachrichten.de/nachrichten-2010-01/16001899…28.01.2010 10:30
Walmart Leverages Global Scale to Lower Costs of Goods, Accelerate Speed to Market, Improve Quality of Products / Takes new approach to global sourcing, names Kolodzieski leader Forms strategic relationship with global sourcing leader Li & Fung
BENTONVILLE, Ark., Jan. 28 /PRNewswire-FirstCall/ -- Wal-Mart Stores, Inc. announced today a number of related events that position the company to leverage its global scale to reduce costs of goods, accelerate speed to market, and improve the quality of products.

Walmart's new global sourcing strategy involves the creation of Global Merchandising Centers, a change in leadership and structure, and a strategic alliance with Li&Fung, a global sourcing organization.

Today's announcements, according to Walmart vice chairman Eduardo Castro-Wright, are "important elements in the company's strategy to deliver even greater value to its customers and shareholders."

Walmart first announced a consolidated global sourcing structure centered around new Global Merchandising Centers (GMCs) at its annual meeting for the investment community in October. This new structure is expected to leverage the company's global scale in both general merchandise categories and global food sourcing.

"The newly-established Global Merchandising Centers represent the largest and most important element of our new sourcing strategy," Castro-Wright said. "These centers will create alignment between sourcing and merchandising and drive efficiencies across various merchandise categories."

The core of the company's overall global sourcing strategy will be to continue increasing direct sourcing for the company's private brands. Today, private brand merchandise represents more than $100 billion in purchasing annually. "Our new strategy and structure should drive significant savings across the supply chain," Castro-Wright said.

Ed Kolodzieski, currently president and CEO of Walmart Japan Holdings G.K. and Seiyu, has been promoted to executive vice president and will lead Walmart's Global Sourcing. Kolodzieski will report to Castro-Wright.

As part of this new strategy, Walmart also finalized a series of agreements with Li&Fung. The agreements are non-exclusive and do not include volume or shipment commitments. The strategic alliance between the two companies will allow Walmart to realize the benefits of consolidating a portion of its sourcing portfolio. Li&Fung, which is forming a new company to manage the Walmart account, is expected to build capacity that would enable it to act as a buying agent for goods valued around US$2 billion within the first year.

"In sum, we are redefining how we source products that are imported into Walmart retail markets around the globe," Castro-Wright said. "By realigning our resources, leveraging our scale, and restructuring our relationship with suppliers, we will enable our businesses around the world to offer even more competitive pricing on merchandise and to provide our customers a clear and compelling assortment of better quality products at lower prices."

About Wal-Mart Stores, Inc.

Wal-Mart Stores, Inc. , or "Walmart," serves customers and members more than 200 million times per week at more than 8,000 retail units under 53 different banners in 15 countries. With fiscal year 2009 sales of $401 billion, Walmart employs more than 2.1 million associates worldwide. A leader in sustainability, corporate philanthropy and employment opportunity, Walmart ranked first among retailers in Fortune Magazine's 2009 Most Admired Companies survey. Additional information about Walmart can be found by visiting http://www.walmartstores.com/. Online merchandise sales are available at http://www.walmart.com/ and http://www.samsclub.com/.

Photo: http://www.newscom.com/cgi-bin/prnh/20090914/WALMARTLOGO

intraday

[binda]

29.01.2010 12:50
Hongkong weiter schwach - Li & Fung gegen den Trend plus 10%
EMFIS.COM - Hongkong 29.01.2010 (www.emfis.com)

In Hongkong verlor der Hang Seng Index heute weitere 1,15 Prozent auf 20.122 Zähler. Immerhin gelang es ihm aber, sich wieder über die psychologisch sehr bedeutsame 20.000-Punkte-Marke zu retten, nachdem er zwischenzeitlich bis auf 19.916 Stellen abgerutscht war. Auf Wochensicht gab Hongkongs Leitindex damit 2,9 Prozent ab.

Schwäche zeigten unter anderem wieder die Finanzwerte, die sich gestern noch moderat erholt hatten. Hier gingen Bank of China um 1,3 Prozent nach unten; China Construction Bank fielen um 2,3 Prozent und Industrial and Commercial Bank of China um 2,1 Prozent. Daneben gaben auch die Hongkong-Banken ab. HSBC verbilligten sich um 1,7 Prozent und Bank of China Hong Kong um 1,9 Prozent. Unter den Rohstoffwerten fielen CNOOC um 3,8 Prozent und PetroChina um 1,1 Prozent; Aluminum Corp of China verloren 2,9 Prozent. Auch blieb der Markt weiterhin wenig aufnahmefähig für IPOs, was dazu führte, dass die Aktie von SouthGobi Energy an ihrem ersten Handelstag um 11 Prozent abrutschte. Vergleichsweise robust entwickelten sich die Exporttitel, wo etwa Esprit Holdings 0,6 Prozent hinzugewannen.
Die Aktie des Textilexporteurs Li&Fung sprang um 10,2 Prozent nach oben, nachdem das Unternehmen einen millardenschweren Liefervertrag mit Wal-Mart unterzeichnet hatte.
Daneben stiegen China Life um 1,5 Prozent. Der Versicherungskonzern hatte erklärt, 2009 ein Gewinnwachstum von mehr als 50 Prozent erzielt zu haben.

[binda]

26.02.2010 00:55
Li & Fung to buy UK apparel supplier for $264 mln
HONG KONG, Feb 26 (Reuters) - Consumer goods exporter Li&Fung said in a statement late on Thursday that it would buy the whole of Visage Group Ltd, a private-label apparel supplier in the UK, for 173 million pounds ($264.1 million)

The company said the acquisition would help it expand and support its objective of developing a significant European presence.

For statement please click http://www.hkexnews.hk/listedco/listconews/sehk/20100225/LTN…

(US$1=HK$7.77=0.6551 pound)

(Reporting by Donny Kwok; editing by Jonathan Hopfner)

(([e-mail]; [phone]; Reuters Messaging: [e-mail])) Keywords: LI&FUNG VISAGE

[binda]

10 jahreschart / LI & FUNG Frankfurt

Höchstkurse und das in dieser Wirtschaftskriese. Lass die mal vorbei sein, wo dann der Kurs wohl steht...?


What do Experts Say?
“Ten Highlights of China’s Commercial Sector, 2009-2010”
http://www.lifunggroup.com/research/pdf/10_highlights_2009-2…

P.S. für die, die ab-und-zu doch mal hier vorbeischauen

[binda]

Antwort auf Beitrag Nr.: 39.017.181 von binda am 26.02.10 08:13:20

EMFIS.COM - Li & Fung übernimmt die britische Visage Group Ltd.

EMFIS.COM - Hongkong 26.02.2010 Der Hongkonger Handelskonzern Li & Fung bleibt seinen Akquisitionsplänen treu.
Nachdem erst im vergangenen Oktober mit der Übernahme der Wear Me Apparel LLC für 402 Mio. US Dollar die größte Übernahme seit 2001 beschlossen wurde, geht es jetzt um das britische Unternehmen Visage Group Ltd.

Wie heute bekannt wurde, will Li & Fung für die Übernahme des gesamten ausgegebenen Aktienkapitals 173 Mio. GBP (2,08 Mrd. HKD) zahlen.
Die in Manchaster ansässige Visage, als einer der führenden Privat-Label-Bekleidungs Zulieferer in Großbritannien, ist unter anderem auch in mit Niederlassungen in Hongkong, Shanghai, Guangzhou, Dhaka und Delhi tätig.
Die Aktie von Li & Fung kann im Nachmittagshandel um 0,85 Prozent auf 36,00 HKD hinzugewinnen.

[binda]

Li & Fung Advances in Hong Kong, Approaching Record (Update1)
heute 11:03 • bloomberg

By Wing-Gar Cheng and Frank Longid March 2 (Bloomberg) -- Li & Fung Ltd. , the biggest supplier for retailers...
http://www.bloomberg.com/apps/news?pid=20601080&sid=a2rCfZay…

Letzte Top-Nachrichten
http://www.finanzen100.de/aktien/li-fung-ltd-reg-shs-unspons…

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05.03.2010 07:01
HK, China stocks up; Li & Fung hits high on US hopes
By Donny Kwok and Claire Zhang

HONG KONG/SHANGHAI, March 5 (Reuters) - Hong Kong shares rose at midday on Thursday with exporter Li&Fung leading gains on hopes of a recovery in the U.S. economy, while Premier Wen Jiabao reaffirmed China's monetary and fiscal policies which aided a recovery in Chinese banks and lifted China stocks.

Consumer goods exporter Li&Fung, which in January forged a sourcing agreement with Wal-Mart, surged 4.2 percent on Friday to an all-time high of HK$40 on hopes that it will benefit from a recovery in the U.S. economy after better-than-expected retails sales which pointed to a stablisation in the economy.

'There are not many options available in the market for Li&Fung types of businesses. Anticipation that it will benefit from a recovery in the U.S. fuelled demand for the stock,' said Alex Wong, a director at Ample Finance Group.
Chinese banks recovered from a sell-off in the previous session, after China reaffirmed its loose monetary policy.

China will stick to an appropriately easy monetary stance and a proactive fiscal policy as it seeks to counter the lingering impact of the international credit crunch, Premier Wen Jiabao said on Friday.

China's second-largest lender China Construction Bank was up 0.50 percent at HK$5.99 by the lunch break.

Top lender ICBC was up 0.35 percent at HK$5.77 after rising 1.4 percent in the early session. ICBC said on Friday that it was not facing pressure to raise new capital, even as many of its peers announced fundraising plans to bolster their balance sheets.

The benchmark Hang Seng Index had trimmed gains and advanced 0.87 percent or 178.52 points to 20,754.30 at midday, poised to snap three straight sessions of losses. The China Enterprises Index of top locally listed mainland Chinese stocks was up 0.72 percent at 11,860.09.

Brokers said investors switching away from disappointed index heavyweights such as China Mobile slowed the rise with shares of the China mobile carrier edging down 0.07 percent to HK$72.80 at midday. The stock fell 2.4 percent on Thursday after news that it was in talks to buy a stake in Shanghai Pudong Development Bank.

'It's hard to regain investors' confidence in the short run. As a fund manager (point of view), I would delete the stock,' Wong said.

Turnover fell to HK$32.75 billion ($4.2 billion) against midday Thursday's HK$34.35 billion.

PetroChina rose 2.7 percent to HK$9.01 after its Chairman Jiang Jiemin said the company expected profit to improve this year compared with 2009.

Selling pressure on Hong Kong Exchanges&Clearing (HKEx) remained after the world's second-largest exchange operator by market value posted lower-than-expected quarterly earnings.. The stocks, which fell 2.03 percent on Thursday, lost a further 0.54 percent by the lunch break.


SHANGHAI UP AFTER MONETARY POLICY

China's key stock index edged up 0.07 percent on Friday, with brokerages boosted by news of an imminent start to stock index futures trade, while the index stabilised after Premier Wen Jiabao reaffirmed China's monetary and fiscal policies.

The Shanghai Composite Index ended the morning at 3,025.530 points, regaining its footing after a 2.38 percent fall on Thursday, its biggest one-day fall in five weeks spurred in part by worries over the possibility of more policy tightening.

'We need to continue to implement a proactive fiscal policy and moderately easy monetary policy,' Wen said in his government work report delivered on Friday at the annual session of the National People's Congress, China's parliament.

Losing Shanghai stocks outnumbered gainers by 438 to 421, while turnover dropped to 58 billion yuan ($8.5 billion) from Thursday morning's 74 billion yuan.

'The tone of Wen's speech is generally in line with expectations,' said Chen Huiqin, senior analyst at Huatai Securities in Nanjing.

'Investors should not be optimistic about a strong rebound given lingering worries over more share supplies and liquidity.'

The brokerage sector was strong, following news of the imminent start of stock index futures trade and other reforms that will bring new business opportunities.

Haitong Securities rose 1.80 percent to 16.97 yuan while Everbright Securities advanced 3.69 percent to 27.25 yuan and CITIC Securities was up 1.99 percent at 27.16 yuan.

China's top securities regulator said the long-awaited launch of stock index futures trade was likely in mid-April and a planned pilot programme for margin trading and short selling of shares would start before that.

The index is heading for a 0.9 percent fall for the week, with last week's 1.12 percent gain not seen supported by improvements in fundamentals such as the balance of share supply and demand, with regulators continuing to approve a steady stream of share offerings to the market, traders said.

The market has also been pressured by policy moves to tighten liquidity, including two increases in banks' reserve requirements since the beginning of the year.

They added that the market was expected to remain in a narrow range in the short term but was likely to test a key psychological support level at 3,000 points.

FAW Car, a subsidiary of major Chinese automaker FAW Group, jumped 5.53 percent to 23.29 yuan after saying its net profit rose 49.8 percent last year to 1.6 billion yuan.

The property sector was soft, with China Vanke, the country's largest listed property developer, falling 0.53 percent to 9.34 yuan after saying its turnover from housing sales in February fell 35.4 percent on year to 2.51 billion yuan.

((Editing by Jacqueline Wong))

[binda]

24.03.2010 12:54
UPDATE 2-Li & Fung bets on consumer, M&A in 2010; H2 disappoints
By Donny Kwok

HONG KONG, March 24 (Reuters) - Consumer goods exporter Li&Fung is confident a strong M&A pipeline and a return of consumer demand will underpin its bullish view about 2010, despite disappointing year-end results.

The manager of supply chains for retailers including Wal-Mart Stores Inc and Target Corp also forecast a rise in future profitability as it moves further in cutting costs.

Strong topline growth should return in 2010 as customer orders increase, president Bruce Rockowitz told reporters in Hong Kong on Wednesday. Core operating margins should improve to more than 4 percent in coming years from 3.82 last year, he added.

The company reaffirmed its turnover target of $20 billion for the current year. '2010 will be our best year,' Rockowitz said.

Li&Fung faces challenges, however. Consumer demand in the key markets of Europe and the U.S. remains slack, posing challenges for companies whose revenues depend heavily on shoppers in developed markets.

How much that will weigh on future results remains to be seen. Li&Fung, though, posted a 67 percent rise in profit for the second half of 2009, largely due to aggressive slashing of costs across the group.

Net profit was HK$1.97 billion ($253 million) for July-December, against HK$1.18 billion for the same period in 2008. That lagged a mean profit forecast of HK$2.31 billion, according to Thomson Reuters I/B/E/S.

'The numbers are a little bit disappointing,' said Aaron Fischer, head of Asian consumer research for CLSA. 'Revenues were 8 percent below our forecast.'

'But the outlook is improving. We expect to see decent recovery in (U.S.) retail sales in March.'

The company's shares closed down 0.7 percent at HK$41.45 on Wednesday, ahead of the results. They are up 28.5 percent so far this year, handily outpacing the broader market's 3.95 percent decline.


THE WAL-MART FACTOR

Analysts generally expect to see a transformation this year for Li&Fung as its U.S. customers start to refresh their inventories amid an improving retail environment.

The Hong Kong company is also the global sourcing agent for Liz Claiborne Inc.

It is also seen benefiting from new outsourcing deals, including a recent one with Wal-Mart, and from contributions made by newly acquired assets, such as UK-based private-label supplier Visage Group.

Li&Fung expects to gain a larger share of Wal-Mart's sourcing business, Chairman William Fung said. In January Li&Fung announced that it had struck a $2 billion sourcing agreement with the U.S.-based retail giant.

The company may also grow through M&A, particularly in the U.S. and European beauty-care sectors, said CLSA's Fischer.

'We have a lot of deals in the pipeline,' said Rockowitz, adding that the company has a half-billion dollar warchest for M&A.

That would add to topline growth, even if this year's consumer spending is weaker than expected.

'They're able to grow in difficult times, through new deals and through acquisitions,' said CLSA's Fischer.

Despite the improvements in profitability, some analysts say the company may not be able to meet ambitious growth targets set in its 3-year plan.

Li&Fung, which in February said it would buy Visage Group for 173 million pounds ($264.1 million) to expand its European presence, aims to post annual turnover of $20 billion and a core operating profit of $1 billion under its current three-year plan for 2008-2010.

(US$1=HK$7.76 yuan)

(Editing by Don Durfee and Muralikumar Anantharaman)

(([e-mail]; [phone]; Reuters Messaging: [e-mail])) Keywords: LIFUNG/

(If you have a query or comment on this story, send an email to [e-mail])


COPYRIGHT


Copyright Thomson Reuters 2010. All rights reserved.

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Li & Fung (HKG:0494) 2009 net profit $3.4B, up 39%; fin div $0.49
[Date:03-24-2010] Source: Infocast News

Li & Fung (HKG:0494) said profit attributable to equity holders of the company amounted to $3.369 billion for 2009, up 39% over the previous year.

The EPS were 91 cents. A final dividend of $0.49 per share was declared.

http://www.chinesestock.org/show.aspx?id=69122&cid=28

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23.06.2010 10:58
Reuters Summit-UPDATE 1-Li&Fung says China low-cost era over
By Donny Kwok

HONG KONG, June 23 (Reuters) - Consumer goods exporter Li&Fung Ltd said the low-cost era in China was likely over but it anticipated no radical change in sourcing in the country, adding that it aimed to switch its sourcing focus to the interior from coastal areas.

Speaking at the Reuters Consumer and Retail Summit on Wednesday, President and Executive Director Bruce Rockowitz said China was still a dominant and unique player in the whole supply chain despite everything that was happening in the country, including growing costs.

'We believe that over the next few years there is not going to be a radical change in where people source from,' he said, adding that other countries did not have and would never have the same scale as China.

Li&Fung, which this year expects to export $8 billion worth of goods from China and $1 billion of goods from Vietnam, said China would continue to be its biggest sourcing country, while Vietnam would be the second-largest.

'China is still a very dominant and unique player in the whole supply chain,' Rockowitz said.

He said structural problems restricted India from becoming as dominant as China, while Bangladesh, Indonesia, and Vietnam would grow dramatically.

Li&Fung would switch to sourcing from China's cheaper interior as infrastructure had improved with high-speed railways linking remote areas and major Chinese cities, he said.

'Over the next few years, I think still 50 percent of our production will be based in China. I don't think it will change dramatically at all, it may go up or down 1 or 2 percentage points, but I think China is still the dominate supplier of the world,' he said.

On the potential of China's consumer market, Rockowitz said: 'It has not developed national retailing yet' as the top 100 retailers accounted for only 10 percent of total domestic retail.


LOW-COST ERA OVER

The last 20 years had been a deflationary environment for costs of goods and was unique because China added so much production very quickly to the world, depressing global prices of consumer goods, Rockowitz said.

'Now what we and the industry are facing is that the party is over,' he said. 'Basically China has a lot of the same issues that all developing countries have when they become developed.'

'What you are moving into is an era for higher prices,' he said, adding that the Foxconn effect was the 'natural evolution' of a country developing and part of 'a greater movement of prices going up', including commodities prices and labour costs.

'The ultimate answer to all of this is consumer goods prices are going to get higher. On the other hand, retailers will have a hard time passing that on to consumers,' he said.


U.S. BUSINESS TRENDING UP

The exporter, which supplies retailers such as Wal-Mart Inc and Target, said it expected its U.S. business to trend up and did not see a double-dip in the U.S. economy as it had already emerged from recession.

Li&Fung gave a positive view for growth in 2010, helped by a strong recovery in the United States, which accounts for about 65 percent of its business and was expected to remain steady to slightly higher in the years ahead.

'If you look at the optimism and confidence of our customer base, its a complete change in a positive direction from last year, and in the last three to four months ... its been incrementally better every month,' he said.

Commenting on areas that would see strong growth opportunities, Rockowitz said: 'All areas have pretty big opportunities, including sourcing'.

'For our sourcing business, growth is pretty established now for the next three to five years. Other businesses, like our beauty business, will be in a high growth position and are likely to grow much faster.'

With $1 billion war chest for mergers and acquisitions, Li&Fung is aiming to expand its onshore businesses in the U.S. and Europe.

Li&Fung would look at acquiring footwear-, and health and beauty-related assets in Europe and in the U.S. and may consider acquiring food-related assets in future, Rockowitz said.

'This year will not disappoint shareholders at all from that point of view,' he said, adding the company would announce its half-year results on Aug. 12 and would have other announcements to make at the same time.

Li&Fung shares have risen about 20 percent so far this year, compared with a 4.8 percent drop by the Hang Seng Index .

(For more on the Reuters Consumer and Retail Summit, see )

(US$1=HK$7.8)

(Editing by Chris Lewis)

Li&Fung 2 Jahreschart

[binda]

Li & Fung Signs 7 Deals; Includes 3 Acquisitions Totaling US$140 Million
PrintReprintsCommentRecommend (0)7-8-10 5:18 AM EDT |

HONG KONG -(Dow Jones)- Blue-chip consumer trading firm Li & Fung Ltd. ( 0494.HK) said Thursday it signed seven deals in the past few months, which included three acquisitions totaling around US$140 million, funded by the firm's internal cash reserves.

The purchases are related to the health, beauty and cosmetics sector, as well as jeanswear and U.S. onshore businesses, the company said in a statement.

In addition, the company also signed four licensing deals, including a partnership with a U.S. celebrity stylist to create a lifestyle collection.

-By Joyce Li, Dow Jones Newswires; 852-2832-2333; [e-mail]


(END) Dow Jones Newswires
07-08-100518ET
Copyright (c) 2010 Dow Jones & Company, Inc.

[binda]

wird immer besser.....


Li & Fung May Climb on Deals Estimated to Generate $1 Billion in Revenue

By Wendy Leung and Frank Longid - Jul 8, 2010 Email Share
Business Exchange Twitter Delicious Digg Facebook LinkedIn Newsvine Propeller Yahoo! Buzz Print Li & Fung Ltd., the biggest supplier to retailers including Wal-Mart Stores Inc., may climb in Hong Kong trading today after announcing acquisitions and agreements that may generate $1 billion in sales next year.

The Hong Kong-based company paid $140 million for health & beauty and fashion companies and entered four licensing deals, it said in an e-mailed statement yesterday. “Cumulative sales expected is more than $1 billion for these announcements,” President Bruce Rockowitz said in a phone interview. One of the acquired companies, Jackel Group, supplies LVMH Moet Hennessy Louis Vuitton SA and L’Oreal SA, he said.

Li & Fung, which has gained 9 percent in market value this year, has about $800 million left in its acquisition fund and the announcements are “the tip of the iceberg,” Rockowitz said. The outsourcer has been acquiring rivals and entering into agreements, including one signed with Wal-Mart in January that may generate $2 billion of additional revenue in the first year.

“The impact on 2011 net income looks to be at least 7 percent and this will give ammunition to the bulls on the stock,” Matt Marsden, a consumer-sector equity researcher at Samsung Securities (Asia) Ltd. in Hong Kong, said in a phone interview today.

The business generated by the deals announced yesterday will have margins equal to the company’s U.S. “onshore business,” or about 6 percent to 8 percent, said Marsden, citing information given by Li & Fung on a conference call for analysts. He has a “sell” rating on the company’s shares.

Share Performance

Li & Fung, which also supplies Kohl’s Corp. and Target Corp., rose 1.9 percent to HK$35.20 in Hong Kong trading yesterday, before the announcement. While its 9.2 percent gain this year makes it the fourth-best performer on the Hang Seng Index, the stock has dropped 9.5 percent in the past two weeks.

The deals may boost Li & Fung profit next year by at least HK$468 million ($60 million), according to Bloomberg calculations using the data provided by Marsden. Projected net income for the company in 2011 is HK$6.42 billion, according to the average of 10 analysts’ estimates in a Bloomberg survey.

The company, founded as a porcelain and silk trader in southern China in 1906 near the end of the Qing dynasty, derived 64 percent of last year’s HK$104.5 billion sales from the U.S.

It has forecast revenue of $3 billion this year for its U.S. onshore business, under which the company sources and imports goods for clients. The rest of its sales are generated by charging a fee for organizing factories and raw materials to produce consumer products such as clothes, toys and furniture.

Wal-Mart Agreement

The Wal-Mart agreement signed in January will “contribute to the bottom line” by next year, Rockowitz said, declining to be more specific.

Li & Fung’s first-half earnings “will be strong but they expect growth to slow in the second half of the year as Europe is still in recession,” Marsden said, citing the company. “They will add costs in the second half to build up business. They’re building up their Wal-Mart business this year.”

Apart from Jackel, which has packaging, fragrance and personal care businesses, Li & Fung said it bought HTP Group, a jeanswear company and Cipriani Accessories Inc., which it described as a designer, distributor and importer of accessories in the U.S., Canada and Mexico. Jackel and HTP are based in Hong Kong.

The outsourcer also entered into a partnership with fashion stylist Rachel Zoe to create women’s clothes, shoes, bags, jewelry and accessories. It expanded a licensing agreement sportswear marketer TapouT and formed a company with Star Branding with partners that include Tommy and Andy Hilfiger. Li Fung also signed a licensing agreement with Sean John, the brand started by rap artist Sean “Diddy” Combs.

Economic Recovery

About 40 percent of the $1 billion new revenue will be generated by the acquired companies with the four agreements generating the rest, Marsden said, citing information given on the conference call.

While Li & Fung is “concerned” about the economies of the U.S. and Europe, Rockowitz said “it’s definitely better today than it was three months ago, or four months ago.”

“It’s not going to be a robust recovery, but it is a recovery,” he said.

While Li & Fung’s net income last year rose 39 percent to HK$3.37 billion, sales fell 6 percent to HK$104.5 billion, the first annual decline in at least 18 years.

The outsourcer’s biggest shareholders are billionaire brothers Victor and William Fung.

To contact the reporter on this story: Wendy Leung in Hong Kong at [e-mail]

[binda]

09.08.2010 05:37
Li&Fung surges on strong H1 earnings hope
HONG KONG, Aug 9 (Reuters) - Shares of consumer goods exporter Li&Fung rose 4.6 percent on Monday morning with buying fuelled by hope of strong first half earnings.

The shares rose to HK$37.55 before steadying at HK$37.50 by 0309 GMT.

'Expectations for strong growth in half-year earnings fuelled buying ahead of the results,' said William Lo, analyst at Ample Finance. 'We expect the company can beat the street view as the market has been conservative in its forecast.'

The company is expected to release its earnings report on Thursday.

Analysts have forecast Li&Fung's first half net profit to rise between 28 and 43 percent from the year-ago period as its revenue increased and its newly acquired assets started contributing to earnings.

(US$1=HK$7.77)

(Reporting by Donny Kwok; Editing by Ken Wills)

(([e-mail]; [phone]; Reuters Messaging: [e-mail])) Keywords: LI&FUNG SHARES

[binda]

Trading Halt

10.08.2010 03:41
Li & Fung halted ahead of taking IDS private -HKex
HONG KONG, Aug 10 (Reuters) - Trading in shares of consumer goods exporter Li&Fung Ltd and Integrated Distribution Services Group Ltd were suspended on Tuesday, the Hong Kong exchange said.

The suspension was pending the release of an announcement in relation to a proposed privatisation of Integrated Distribution Services Group, a logistics service division.

Shares of Li&Fung surged 5 percent on Monday ahead of the release of its first half earnings on Thursday.

(Reporting by Jimmy Tsim; Editing by Jacqueline Wong)

(([e-mail]; [phone]; Reuters Messaging: [e-mail])) Keywords: LIFUNG/SUSPENSION

(If you have a query or comment on this story, send an email to [e-mail])


COPYRIGHT


Copyright Thomson Reuters 2010. All rights reserved.

[binda]

By Wing-Gar Cheng - Aug 10, 2010 1:43 PM GMT+0200 Email Share
Business Exchange Twitter Delicious Digg Facebook LinkedIn Newsvine Propeller Yahoo! Buzz Print Li & Fung Ltd., the biggest supplier of clothes and toys to Wal-Mart Stores Inc. and Target Corp., may buy a Hong Kong-listed transportation affiliate 42 percent owned by its parent as it cuts costs.

Li & Fung and the affiliate, Integrated Distribution Services Group Ltd., were suspended from trading pending an announcement of the “privatization” of IDS, the Hong Kong- based companies said in separate statements to the city’s stock exchange today. Li & Fung affiliates own a combined 42.2 percent of IDS, which has a market value of HK$5 billion ($644 million), according to Bloomberg data.

Li & Fung has been acquiring rivals and signing supply agreements to help meet a sales target of $20 billion this year. The Hong Kong-listed supplier of Tommy Hilfiger clothing and Kate Spade bags may use IDS’s network inside China to supply retailers with imports from the West, said Matt Marsden, an equity researcher at Samsung Securities (Asia) Ltd. in Hong Kong.

“It’s very exciting because it exposes the company to fast-growing Asian consumer market and it becomes a truly international sourcer east to west and west to east,” Marsden said by phone today. “Li & Fung will probably pay an acquisition premium.”

Costs, Efficiency

Li & Fung Managing Director William Fung in March said the company would continue drive its cost base down and increase cost efficiencies.

The statements from IDS and Li & Fung today included no terms for the plan to de-list IDS.

Li & Fung rose 5 percent to close at HK$37.70 yesterday, for a total market value of HK$143.8 billion. IDS gained 4.9 percent to HK$15.42.Li & Fung shares have climbed 17 percent this year, compared with a 1.3 percent drop in the Hang Seng Index.

Katherine Wang of GolinHarris, the public relations agency hired by Li & Fung, declined to comment on the statement, saying she hasn’t received any further details from the company.

The company in July announced three acquisitions and four licensing deals that may increase sales by $1 billion next year. It said July 8 that it paid $140 million to buy three companies; Jackel Group, with packaging, perfume and personal-care businesses, denim clothing company HTP Group, and Cipriani Accessories Inc., which it described as a designer, distributor and importer of accessories in the U.S., Canada and Mexico.

Li & Fung Group was founded as a porcelain and silk trader in southern China in 1906 near the end of the Qing dynasty.

To contact the reporter on this story: Wing-Gar Cheng in Hong Kong at [e-mail].

[binda]

Li & Fung (HKG:0494) 1H net profit $2.17B, up 55%; div 38 ct
[Date:08-12-2010] Source: Infocast News

Li & Fung (HKG:0494) had a net profit of $2.171 billion for the six months ended 30 June 2010, up 55.47% compared to the net profit for the same period in 2009. The EPS were 57.5 cents. An interim dividend of 38 cents per share is declared.


http://www.chinesestock.org/show.aspx?id=93145&cid=28

[binda]

Sehr gute Zahlen, jedoch immer noch " Trading Halt"

[binda]

Wal-Mart Supplier Li & Fung Offers $901 Million for Distribution Company
By Wendy Leung and Cathy Chan - Aug 12, 2010 1:05 PM GMT+0200 Email Share
Business Exchange Twitter Delicious Digg Facebook LinkedIn Newsvine Propeller Yahoo! Buzz Print Li & Fung Ltd., the biggest supplier of clothes and toys to Wal-Mart Stores Inc. and Target Corp., is offering about HK$7 billion ($901 million) to buy out a distribution company, gaining a network in China.

The outsourcer will offer HK$21, or 0.585 of its stock, for each share in Integrated Distribution Services Group Ltd., according to a statement to Hong Kong’s stock exchange. The cash portion of the offer represents a 36 percent premium over Integrated Distribution Services’ closing share price on Aug. 9, before it was halted from trading.

After the transaction, Li & Fung may derive 12 percent of its revenue from China and Southeast Asia, according to a company presentation. Asia contributed about 2 percent of sales last year. Li & Fung’s profit in the first half of this year surged 55 percent to HK$2.17 billion, beating analysts’ estimates.

“It’s a strategic move to increase Li & Fung’s capabilities to provide logistics services and distribution into Asia for its clients,” said Matthew Marsden, a Hong Kong-based analyst at Samsung Securities Co. “By increasing sourcing and distribution capabilities in Asia, through integrating IDS into their operations, Li & Fung would be enabled to offer large clients like Wal-Mart help in increasing distribution in Asia.”

The Hong Kong-based company has been acquiring rivals and signing supply agreements to help meet a sales target of $20 billion this year.

‘Best Available Platform’

Li & Fung last traded at HK$37.70 on Aug. 9, before it was halted from trading. Integrated Distribution Network, which is also halted, closed at HK$15.42 on Aug. 9. Both companies’ shares resume trading tomorrow.

The distributor “provides the best available platform to replicate in Asia, and China in particular, Li & Fung’s success achieved in wholesaling in the United States and in Europe,” according to the joint statement issued by the two companies.

Parent Li & Fung Group and the Fung family, who together own about 45 percent of Integrated Distribution Services, have elected to be paid in stock. The maximum cash outlay for the deal will be HK$4.38 billion, Li & Fung said.

JPMorgan Chase & Co. is Li & Fung’s adviser for the transaction and BNP Paribas is advising independent shareholders, according to the statement to the stock exchange.

Earnings Beat Estimates

“Acquisitions are the speediest way for Li & Fung to boost sales,” said Renee Tai, vice president for research at CIMB-GK Securities HK Ltd. Tai has a “neutral” rating on the stock. “It remains to be seen how much value-add the assets can bring to Li & Fung and the company has continued to rein in costs.”

Li & Fung’s first-half net income of HK$2.17 billion beat the mean estimate of HK$1.93 billion in a Bloomberg News survey of four analysts.

Earnings per share in the six months ended June rose to 56.9 cents a share from 38.1 cents a year ago, with sales gaining 12 percent to HK$51.8 billion.

Li & Fung has increased first-half profit for 15 consecutive years, acquiring rivals and supplying U.S., European and Japanese retailers with the Chinese clothes, toys and furniture. The company, with about $1.2 billion in acquisition funds, is considering “a number of deals,” President Bruce Rockowitz said in Hong Kong today.

There are “still a number of deals we are looking at,” he said. “Many acquisition opportunities are in the market.”

He said the company “won’t go back and forth” on the offer price for Integrated Distribution Services. “It’s a firm offer.”

To contact the reporter on this story: Wendy Leung in Hong Kong at [e-mail]
Email Share
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Asia · Retail · China Sponsored Links

[binda]

13/08/2010 14:39
Goldman raises Li & Fung (00494) target to HK$47.5, "buy"

Goldman Sachs lifted its target price for Li &
Fung (00494) to HK$47.5 from HK$41.5, and maintained its "buy" call.
The house said the key positive surprise in 1H results was in GP margin, which grew
1.8pt yoy to a historical high of 13% versus Goldman's estimate of 11.9%. This reflects
the strong growth in the higher-margin onshore business and also the decline of the lower
margin European trading business. (KL)

[binda]

und die nächste empfehlung



13/08/2010 16:48 singapurzeit
Citi raises Li & Fung (00494) target to HK$49.6, "buy"

Citigroup raised its target price for Li & Fung
(00494) to HK$49.6 to from HK$42.7, and maintained its "buy" call.
Citi sees two concerns on Li & Fung - from slowing overseas demand and uncertainties
over the IDS acquisition. While the house is skeptical on the IDS investment, it said
other recent acquisitions should continue to drive revenue and margins growth.
Citi believes Jimlar and the seven investments announced in July could contribute
US$1.54bn to 2011 revenue, or 9.5% growth from the house's current 2010 sales forecast. W
It also expects significant growth from the Wal-Mart sourcing business in 2011. (KL)


Related Stocks: ： 00494
Back to Research Report
http://www.etnet.com.hk/www/tc/news/categorized_news_detail_…

[binda]

Sanrio ties up with Honk Kong trader Li & Fung
Monday 18th October, 03:13 AM JST

TOKYO —
Character creator Sanrio Co has tied up with Hong Kong trader Li & Fung to accelerate its overseas expansion. Li & Fung, which has acquired a 1% stake in Sanrio, operates toy stores of the U.S. Toys ‘‘R’’ Us chain in China and Southeast Asia, and has developed close relations with European and U.S. retailers.

Sanrio hopes to take advantage of the trader’s global network to expand overseas sales of Hello Kitty and other character goods. The Japanese firm also plans to reduce production costs for character goods by utilizing Chinese and Vietnamese factories that cooperate with Li & Fung.

© 2010 Kyodo News. All rights reserved. No reproduction or republication without written permission.

[binda]

Und die Nächsten, die mit Li zusammenarbeiten

16.11.2010 13:03
Collective Brands' Stride Rite Children's Group and Li & Fung Retailing Announce Plans to Bring the Iconic Children's Brand to Greater China and Southeast Asia
TOPEKA, Kan. and HONG KONG, Nov. 16, 2010 /PRNewswire/ -- The Collective Brands Stride Rite Children's Group (SRCG) and privately held Li&Fung Retailing announced today a licensing and development agreement aimed at introducing Stride Rite, the premium footwear brand for children, to Greater China and Southeast Asia. (Note for Editors: This announcement is NOT related to publicly listed Li&Fung Ltd SEHK 494)

Under the agreement, a newly formed subsidiary of Li&Fung Retailing, LiFung Children Holdings Ltd, will market the Stride Rite brand and its range of children's footwear through stand-alone retail stores, shop-in-shops and ecommerce sales in Hong Kong, Mainland China, Taiwan, Macau, Malaysia, Singapore and Brunei. This is a first for Collective Brands to bring any of its retail concepts or brands to the mainland China market."We are excited to partner with LiFung Children Holdings to bring the Stride Rite brand and its rich heritage position and commitment to children's growing feet to Asia," said Sharon John, President of SRCG. "We look forward to bringing shoppers across the region our range of products that deliver the 'rite' technology for children combining style and quality, as well as a store format dedicated to properly fitting the child and servicing parents and grandparents."

Trusted by moms since 1919, Stride Rite is the iconic children's shoe brand in the United States that has also been expanding internationally across Europe. Stride Rite is focused on enriching the journey of childhood one step at a time ensuring the proper development of children's feet. The brand has an unwavering commitment to innovation, technology, quality, health and style.

"We are thrilled to bring this iconic brand to Asia," said Pieter Schats, a senior executive of Li&Fung Retailing. "With its 90-year leadership position and passion for excellence in design, innovation, research and technology, Stride Rite is a natural addition to our portfolio of retail offerings in the region."

Initial plans for the region include opening retail outlets in Hong Kong, Singapore and Malaysia in December 2010 closely followed by stores in China in 2011. All stores will feature the proprietary STEP(TM) -- Scientifically Tested Everyday Proven(TM) -- program, which is rooted in a recent SRCG-commissioned third-party study "The Effects of Footwear on Children Learning to Walk." The STEP program ensures quality, healthy footwear for every key developmental stage and is designed to help parents select the proper shoes to support every stage of a child's growth and development.

About Li&Fung Retailing

Li&Fung Retailing, a member of the Li&Fung Group, was formed in 1985 as a wholly owned subsidiary of the privately held Li&Fung (1937) Limited. All the retailing businesses under Li&Fung Retailing are not related to the publicly listed Li&Fung Limited SEHK494.

Under Li&Fung Retailing, there are two listed entities: Convenience Retail Asia Limited, operator of the Circle K Convenience Stores and the Saint Honore Cake Shops in the Pearl River Delta; Trinity Limited, a leading high-end luxury menswear retailer primarily serving Greater China. There is also a privately held toys and children product specialty chain store Toys"R"Us in Greater China and South East Asia.

Li&Fung Retailing's businesses extend from Greater China to Korea, Singapore, Malaysia, Thailand, Indonesia and other South East Asia countries through a combined network of close to 1,000 stores.

About The Stride Rite Children's Group and Collective Brands, Inc.

Stride Rite Children's Group, part of the Collective Brands Performance + Lifestyle Group, markets a leading brand of premium children's footwear in the United States under such brands as Stride Rite®, Saucony® Kids, Sperry Top-Sider® Kids, Keds® Kids and Robeez®, among others. For 90 years, the company's passion for excellence in design has been focused on ensuring the proper development of children's feet with a commitment to innovation, research and technology.

Collective Brands, Inc. is a leader in bringing compelling lifestyle, fashion and performance brands for footwear and related accessories to consumers worldwide. The company operates three strategic units covering a powerful brand portfolio, as well as multiple price points and selling channels including retail, wholesale, ecommerce and licensing. Collective Brands, Inc. includes Payless ShoeSource, focused on democratizing fashion and design in footwear and accessories through its nearly 4,500-store retail chain, with its brands Airwalk®, Dexter®, Champion®, Zoe&Zac(TM), the first-ever affordable green footwear brand, and designer collections Lela Rose for Payless, Unforgettable Moments by Lela Rose, Christian Siriano for Payless and Isabel Toledo for Payless, among others; the Performance + Lifestyle Group, focused on lifestyle and performance branded footwear and high-quality children's footwear sold primarily through wholesaling, with its brands including Stride Rite®, Keds®, Sperry Top-Sider®, Robeez®, and Saucony®, among others; and Collective Licensing International, the brand development, management and global licensing unit, with such youth lifestyle brands as Airwalk®, Above The Rim®, Vision Street Wear®, STRIKEFORCE(TM), Clinch Gear(TM), Sims®, Lamar® and LTD®, World Snowboarding Championships(TM) and Hind®. Information about, and links for shopping on, each of the Collective Brand's units can be found at http://www.collectivebrands.com/." target="_blank" rel="nofollow ugc noopener">http://www.collectivebrands.com/.

Collective Brands, Inc.

CONTACT: Mardi Larson, [phone], for Collective Brands, Inc.

Web Site: http://www.collectivebrands.com/



© 2010 PR Newswire

[binda]

keiner, außer mir, hier investiert?
Naja, mach ich halt den Alleinunterhalter


Li & Fung Climbs to Record on U.S. Spending, Jobs
November 25, 2010, 4:03 AM EST
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e-mail this story print this story 0diggsdiggadd to Business Exchange By Wendy Leung

Nov. 25 (Bloomberg) -- Li & Fung Ltd., the biggest supplier to retailers including Wal-Mart Stores Inc., surged to a record in Hong Kong after U.S. employment and consumer spending improved and Credit Suisse Group AG said it may win more orders.

Li & Fung rose 5.2 percent to HK$45.80 at 4 p.m. close of trading in Hong Kong, the highest level since its initial public offering in July 1992. It was the biggest gainer on the benchmark Hang Seng Index, which rose 0.13 percent.

Americans increased spending for a fifth month in October and filed the fewest unemployment claims in more than two years last week, according to the Commerce and Labor Departments, boosting the outlook for holiday-season shopping. Credit Suisse raised its share-price estimate by 12 percent to HK$54.40, saying Li & Fung, which makes 67 percent of sales in the U.S., will gain as Wal-Mart increases purchases for non-food products.

“The market has underestimated the earnings potential from the Wal-Mart outsourcing deal,” said Gabriel Chan and Phoebe Tse, Hong Kong-based analysts at Credit Suisse, in a report to clients today. “Wal-Mart has a strong incentive to direct higher-than-proportion sourcing requirement through this partnership.”

Li & Fung in January entered an agreement to supply clothes, toys and other goods to Bentonville, Arkansas-based Wal-Mart. The Hong Kong-based company estimated the deal with the world’s biggest retailer may generate an additional $2 billion of sales in the first year.

The stock has surged 45 percent this year, beating the 5.4 percent advance of the benchmark index.

Acquisition Fund

The supplier has in the past year announced purchases worth more than $2 billion, according to the company and analyst estimates. It still had more than $1 billion in its acquisition fund, President Bruce Rockowitz said last month.

Li & Fung agreed to buy Oxford Industries Inc.’s apparel division for $121.7 million on Nov. 22. The company has boosted sales in 17 of the last 18 years, buying rivals and supplying retailers worldwide with Asian-made consumer goods, from Tommy Hilfiger clothes and Kate Spade bags to furniture and toys.

Founded in the southern Chinese city of Guangzhou in 1906, Li & Fung also supplies Kohl’s Corp., Marks & Spencer Plc, Inditex SA’s Zara and Esprit Holdings Inc.

U.S. household purchases advanced 0.4 percent after a 0.3 percent gain in September that was larger than previously estimated, the Commerce Department reported yesterday in Washington. Incomes climbed 0.5 percent. Jobless claims fell by 34,000 to 407,000 in the week ended Nov. 20, Labor Department figures showed.

Holiday Shopping

The Thomson Reuters/University of Michigan final index of November consumer sentiment increased to 71.6, the highest since June, from 67.7 a month earlier. The preliminary November figure was 69.3. Economists projected a reading of 69.5.

Other reports today from the Commerce Department showed that orders for goods meant to last several years and new-home sales both unexpectedly decreased last month, illustrating the uneven nature of the recovery from the worst recession since the Great Depression.

Retailers forecast a better holiday shopping period and are increasing discounts to attract more consumers. The National Retail Federation has forecast November-December holiday sales will rise by 2.3 percent from a year ago, the most since 2006.

Wal-Mart, the world’s largest listed company, said this week it will match prices listed in competitors’ ads on Black Friday, the day after the Nov. 25 Thanksgiving holiday. Savings will run through Nov. 27, with deals on electronics, home items and apparel.

--Editors: Chua Kong Ho, Frank Longid

To contact the reporter on this story: Wendy Leung in Hong Kong at [e-mail]

To contact the editor responsible for this story: Frank Longid at [e-mail]