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Li & Fung to Go Private Amid Sinking Stock Price and Global Pandemic

Where are fashion’s priorities? How sustainability will fare post pandemic is just one of many open questions. Join SJ on July 15 at 11 am for a webinar on how the crisis will affect future sourcing decisions and how to better measure progress.

Venerable apparel sourcing giant Li & Fung is taking itself private, joining with Golden Lincoln Holdings (GLP), the companies said Friday after the close of trading on the Hong Kong Stock Exchange. The plan calls for shareholders to comprise the Fung family, the controlling shareholder of Li & Fung, and GLP Ltd., a global logistics…

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