With 20% growth in 2008 turnover Li & Fung seals Liz Claiborne tie-up

摘要

Total turnover in 2008 was strong but profit was down due to many factors. Meanwhile, a sourcing agency agreement with the New York-based Liz Claiborne Inc promises great turnover growth in the coming years.rnHong Kong-based global consumer goods exporter Li & Fung has attained strong turnover growth in 2008 despite a very difficult market. Total turnover during the year hitting HK$110,722 million (US$14,195 million) was 20% greater than the turnover in 2007. This growth reflected the group's strength in expanding its market share and the flow of outsourcing deals and acquisitions, said a company statement announcing the latest results.