Li
& Fung’s spun off consumer brands and licensing business, Global Brands Group, began trading
in Hong Kong Wednesday July 9, 2014.
The Group started in 2005 when Li
& Fung established a wholesale business focusing on private label and
branded apparel in order to broaden its relationships with existing and new
retailer customers. Founded in 1906 in Guangzhou, China, Li & Fung is a
leading global sourcing firm which has expanded into a multinational group and
is recognized as a leader in consumer goods design, development, sourcing and
distribution. Li & Fung has been listed on the Hong Kong Stock Exchange
since 1992.
From its origins with just a few
small-scale licensed brands, the Group has evolved and grown to become one of
the world's leading branded apparel, footwear, accessories and related
lifestyle product businesses in the world. Following completion of the
Reorganization and the Spin-off, the Group's business will be separate and
independent from Li & Fung's trading and logistics businesses.
Global Brands Group Holding Limited (“Global Brands” or the
“Group”; SEHK Stock Code: 787), one of the world’s leading branded apparel,
footwear, fashion accessories and lifestyle product companies, today commenced
trading on the Main Board of The Stock Exchange of Hong Kong Limited. The
spinoff of Global Brands from Li & Fung Limited (“Li & Fung” or SEHK
Stock Code: 494) enables the Group to leverage its well-established platform to
significantly accelerate the growth of the business globally.
Global
Brands designs, develops, markets and sells products from its portfolio of
licensed and owned brands worldwide. The spinoff of Global Brands from Li &
Fung Limited, and the establishment of a separate management team, became
effective on 7 July 2014.
They certainly have a nice
collection of fashion brands.
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