History of Hong Kong Li & Fung Group Company

Established in 1906, Hong Kong HSBC Limited is an export trading firm with a long history in Hong Kong and one of the largest exporters in the world, and its business is distributed in many countries and regions around the world.

Li & Fung was founded in 1906. At first, it was only engaged in porcelain and silk business. A year later, other commodities were added, including handicrafts such as bamboo, rattan, jade and ivory, including fireworks and firecrackers.

1937 65438+On February 28th, Li & Fung (1937) Co., Ltd. was formally established in Hong Kong.

During World War II, Li & Fung suspended its trading business.

1943, with the death of the founder Mr. Feng, the business was handed over to the second generation of the Feng family.

Later, Mr. Partner, who had never participated in enterprise management, announced his retirement and sold all his shares in Li Feng to the Feng family.

At present, it is managed by WilliamFung, Victor Fung and CEOBruce Rockowitz, two brothers of the von family in Harvard.

By the end of 20 12, the group has Leah Retail Co., Ltd. (stock code: 08052), Lihe Group (stock code: 02387), Libang Fashion Co., Ltd. (stock code: 0089 1), Li Yue Fashion Co., Ltd. and Mo Lifeng Trading Co., Ltd.

Leah (retail) chain store, whose business includes familiar: OK convenience store, Toys R Us and Santa Ana bakery; It covers more than 600 stores in Southeast Asian markets such as Hongkong, Taiwan Province, Singapore, Malaysia and Chinese mainland.

On the basis of professional logistics services, Lihe Group and IDS provide customers with a series of services in the fields of distribution, logistics and manufacturing services.

The business network covers Greater China, ASEAN, the United States and the United Kingdom, operates more than 90 distribution centers, and has 65,438+08 distribution companies and 65,438+00,000 modern distribution stores in China.

Libang (Shanghai) Fashion Trading Co., Ltd. is one of the large men's retail groups in Greater China.

Now it has acquired and operated 1 1 in Chinese mainland, Hongkong, Taiwan Province Province and Macau, including Cerruti 188 1 and Gieves &；; Hawkes Kent co. Mid-range to high-end menswear brands such as Curwen and D'urban have more than 350 stores in high-end shopping malls and department stores in first-tier cities.

Li Yue (Shanghai) Clothing Trading Co., Ltd. belongs to the brand lifestyle, and is responsible for the brand sales of LEO Leo (Italy), GIBO Jebel (Italy), UFFIZI Ancient Street (Italy), OVVIO Ovi Road (Italy) and Roots Stone Green (Canada, ranked fourth in the world) in Chinese mainland.

Li & Fung (Trade) 1995 Acquisition of Yingzhijie Procurement Service and Swire Trading Co., Ltd. (Swire &; Maclain) and Camberley Limited acquired Colby Group and Janco Oversea Limited in 2000 and 2002 respectively, greatly expanding their customer base in the United States and Europe. Since the economic crisis in 2008, they have acquired a number of fashion brands in Europe, the United States, India and Africa, such as the British brand Visage, which is only 20 16544.

Li & Fung and Levi &; The company signed a franchise agreement.

In 2005, Li & Fung cooperated with Dimon to supply its own brand and authorized brand to the whole world.

In 2006, Luo Saidi handbag business was acquired, and Oxford Women's Wear Group strengthened its wholesale business in the United States.

In 2007, it acquired Tommy Hilfiher's global procurement business, and acquired CGroup, Peter Black International LTD, Regetta USA LLC and American Marketing Enterprice.

Acquired Kent Company in 2008; Curwen global franchise, acquisition of Van Zeeland, Inc. and Miles Fashion Group.

In 2009, it acquired Canadian leisure brand Roots and Wear Me Appearl, LLC.

Purchase agreements were reached with Hudson Bay, Wolverine Global, Talbots and Liz Claiborne.

20 10 acquired Oxford Apparel Visage Group Co., Ltd.

In 2065 438+0 1 1 month, it acquired Modium in Turkey, surpassing the American women's wear production; In March, it acquired Celissa, a trading company, Technosource USA, Inc., a cartoon brand TVMania, and Cerruti 188 1, a famous French fashion first-line brand. In May, it acquired Loyaltex Clothing Co., Ltd., a daughter Hampshire designer and British cosmetics collection 2000; In June, it acquired Furniture Trade Import and Export Design Co., Ltd.; In July, it acquired Rich USA, LLC, a family tourism industry alliance, and Lloyd Textile Fashion Company Limited, a design company. In August, acquired children's clothing Fishman &；; Tobin and Crimzon Rose acquired furniture trade True Innovations, LLC, commodity companies Midway Enterprises and Wonderful World in September.

/kloc-In February, we signed an authorization agreement with USPA American Polo Association.

Chinese-funded trade originating from Guangzhou (1906- 1949)

Li & Fung is one of the oldest export trading companies in Hong Kong.

1906, Mr. Feng and Mr. Feng established Li & Fung Trading Company in Guangzhou. It was the first Chinese-funded foreign trade exporter in China at that time.

At the beginning, Li & Fung only dealt in porcelain and silk.

In the early days of foreign trade, the inland ports in the south of China were unable to sail ocean-going vessels because of the lack of water depth, while the ports in Hong Kong occupied all the advantages because of their deep water depth and wide shore.

Therefore, the important task of setting up a branch in Hong Kong falls on Mr. Feng, the third son of Mr. Feng.

1937 65438+On February 28th, Li & Fung (1937) Co., Ltd. was formally established in Hong Kong.

During World War II, Li & Fung suspended its trading business.

1943, with the death of the founder Mr. Feng.

The business was handed over to the second generation of the Feng family.

Later, Mr. Partner, who had never participated in enterprise management, announced his retirement and sold all his shares in Li Feng to the Feng family.

Export traders rooted in Hong Kong (1949- 1979)

Mr. Feng has brought Li & Fung's career into a new era.

After 1949, refugees flooded into Hong Kong, and the labor force suddenly increased, which helped Hong Kong develop into a labor-intensive market economy dominated by manufacturing. Li & Fung's initial export products include clothing, toys, electronic products and plastic flowers.

The rare combination of plastics, fireworks and textiles has made Li & Fung one of the largest cash exporters in Hong Kong.

In the early 1970s, Mr. Feng and Mr. Guo Lunfeng, the third generation descendants of the Feng family, returned to Hong Kong from studying in the United States to join the Li & Fung family business.

The two brothers immediately joined hands with their father to plan the reorganization of the company's business structure, implement the business strategy of modern human resource management, and coordinate Li & Fung's business in a professional way for the first time.

1973, Li & Fung was listed on the Hong Kong Stock Exchange and officially became a listed company in Hong Kong. Oversubscribed at the time of sale 1 13 times.

This amazing record has been maintained for 14 years.

Establish regional business network (1979- 1995)

1979, as China adopted the open policy, Hong Kong manufacturers moved northward and gradually moved their factories to South China.

Other Asian countries with relatively backward development are also catching up, accelerating the pace of industrialization and providing more commodity supply options. Li & Fung took the lead and quickly mastered these newly developed procurement resources.

In recent years, Li & Fung has invested huge resources to establish a regional procurement business network, which has become a solid foundation for serving global customers.

Li & Fung Retail Co., Ltd. was established in 1985 and is a wholly-owned subsidiary of Li & Fung 1973.

Retail chain business includes: OK convenience store and toy "R" R&D; Covering Hong Kong, Taiwan Province, Singapore, Malaysia, Chinese mainland and other Southeast Asian markets.

1989, in order to reorganize the family equity structure and concentrate on developing core business, Li & Fung Co., Ltd. was privatized, and the management bought all the shares, focusing the company's business on two main areas, export trade and retail.

1992, Li & Fung's export business was listed on the Hong Kong Stock Exchange under the name of "Li & Fung Limited".

Become a multinational group (since 1995)

1995, Li & Fung Limited acquired Yingzhijie Purchasing Service Company (also known as "Intertek"), the biggest competitor in Hong Kong at that time.

The acquisition has doubled Li & Fung's scale and further expanded its customer base in Europe, complementing the established US business.

At the same time, Li & Fung has also expanded its procurement network beyond Southeast Asia, including the Indian subcontinent, the Caribbean and the Mediterranean.

These areas have become efficient production bases in North America and Europe.

199965438+In February, Li & Fung acquired Swire &: Maclain and Campbell Soup Co., Ltd. (Li & Fung's two biggest competitors at that time), which greatly expanded their customer base in the United States and Europe.

Later, in 2000 and 2002, they acquired Colby Group and Janco Oversea Limited, the Hong Kong purchasing and exporting groups, respectively, in order to introduce more talents and visitors to the group.

199, Li & Fung introduced diversified distribution business through the private Lihe distribution group, and acquired the brand promotion business of Yingzhijie Group in the Asia-Pacific region, providing one-stop distribution services for multinational customers, including manufacturing, marketing and logistics distribution, and providing comprehensive and comprehensive distribution services for business partners in Asia. The core business covers marketing, logistics and manufacturing.

After 100 and three generations of deliberate management, Li & Fung Group has evolved into an international large-scale multinational business group; It operates three core businesses: export trade, retail, distribution and wholesale.

Li & Fung Group has been engaged in export trade in China for a long time. In recent years, with China's open policy in manufacturing, distribution and retail, Chinese mainland's economic growth is strong, and its consumption capacity is advancing by leaps and bounds. Looking into the future, Chinese mainland is not only the purchasing center of Li & Fung, but also a huge consumer market to be developed.

With the integration of domestic market into global economy, Chinese mainland will not only become the main manufacturing base in the world, but also the largest consumer market soon.

Li & Fung will try its best to cooperate with Chinese mainland's growing consumer market, rapid manufacturing level and advancing logistics infrastructure, make full use of the advantages of supply chain management and integrate into the Group's existing global supply chain network.

In the foreseeable future, the expansion of Chinese mainland's export trade and the potential of the domestic consumer market will provide Li & Fung Group with unprecedented unlimited business opportunities; Covers three major business areas: export trade, distribution and retail.