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Li & Fung said to form JV with 2 China retailers

Published Mon, Jun 22, 2015 · 09:50 PM

Hong Kong

LI & Fung Ltd plans to form a joint venture with two Chinese department store operators to help the retailers develop their own brands of clothes and home products, according to a person familiar with the matter.

Li & Fung, which supplies Walmart Stores, will also help license and manage the brands, said the person, who asked not to be identified as the information is private. The Hong Kong-based company said that it will have a signing ceremony in Shanghai on Tuesday to announce a partnership with Shanghai Bailian Group Co and Beijing Wangfujing Department Store Group Co.

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Companies & Markets

Companies & Markets

Li & Fung said to form JV with 2 China retailers

Companies & Markets

HCA beats first-quarter profit estimates on higher patient admissions

F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Exxon misses on Q1 profit despite big gains in Guyana

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

Chevron's quarterly profit beats estimates

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