Li & Fung

1163 Words5 Pages
Notes from the Li & Fung company website: Experience, professionalism and integrity have earned Li & Fung its reputation as the world's leading consumer goods sourcing company. Through a growing network of over 15,000 suppliers in more than 40 economies, the Company strives to find quality-conscious, cost-effective manufacturers to match the production needs of more than 7,700 customers around the world. This global framework enables Li & Fung to create tailored sourcing options to meet customers' specific requirements. Dedicated global teams of product specialists focus on each customer segment and leverage their close ties with suppliers to offer insider knowledge that helps customers make informed buying decisions. Li & Fung's sourcing business covers a wide range of consumer products, from softgoods (garments and apparel) to hardgoods (non-apparel products such as toys, home furnishings, sporting goods, footwear, and health and beauty products). With its comprehensive product design and development capabilities, Li & Fung is able to assist its customers by taking an initial design idea all the way through to the finished product. Li & Fung first began its distribution business in the U.S. in 2005 and then expanded to Europe in 2008. By working closely with brands and retailers, Li & Fung addresses their specific needs in the areas of design, sales and marketing, and distribution as well as managing the supply chain. The Company's distribution operation consists of three pillars: private labels, proprietary brands and licensing of recognized brands. In the area of private labels, Li & Fung helps retailers produce finished products under a private label or in-house brand. To develop proprietary brands, the Company takes nationally recognized brands and builds exclusive lines of merchandise for retailers. For licensing, Li

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