Li and Fung News

Wal-Mart's Indian division has reportedly appointed a team in India to brief employees on its anti-corruption compliance programme.

Gieves & Hawkes has today confirmed that five of its directors have left the company, a month after upmarket tailor was acquired by Hong Kong based Trinity Ltd.

The family owners of Schustermann & Borenstein have mandated Goldman Sachs to sell the German clothing exporter, two people close to the transaction said on Friday, a move analysts expect to attract strong interest.

Mainland exporters are starting to sell products to the huge but challenging domestic market to counter lukewarm export growth, research by Li & Fung and the Chinese Academy of Social Sciences has shown.

Swedish fashion retailer H&M Hennes & Mauritz has today reported a drop in April sales, blaming "unfavourable" weather for dampening demand for its spring fashions.

Greek impasse hammers equities, Spain yields soar Global stocks slid and the euro fell to a four-month low yesterday as a political impasse in Greece heralded a potential exit for the country from the euro zone, while a move to prop up lending in China and poor European data flagged slower world growth.

The group working to reduce the environmental and social impacts of apparel and footwear production around the world has added labelling and RFID supplier Avery Dennison as its first "solution provider" member.

SHARES fell 0.75 per cent yesterday amid uncertainty in Greece following a weekend election that saw the ouster of the pro-austerity coalition.

May 9 - The world's biggest consumer goods exporter sees a continued steep slowdown in Europe and patchy growth in the U.S., says CEO Bruce Rockowitz.

Well, the rumors were true -Marchesa's going mainstream, if not exactly mass. The brand's co-founders, Georgina Chapman and Keren Craig, have signed a deal with Hong Kong-based clothing company Li & Fung to develop a lower-priced contemporary collection set to launch around Pre-Fall 2013.

Asian stocks rose, with a regional index advancing for the first time in five weeks, after Australia cut key interest rates by more than forecast and on signs manufacturing output in China and the U.S. is improving.

YGM Trading's desire to tighten its grip on Aquascutum, a 160-year-old trench-coat brand that once dressed Winston Churchill and the Queen Mother, shows the growing appetite of mainland shoppers for high-end fashion with heritage.