Li & Fung’s $1.1b divestment simplifies business

The sale of three underperforming and volatile businesses could relieve a drag on the earnings of the listed entity.

Alison Tudor-Ackroyd

December 14, 2017

Supply chain manager Li & Fung said on Thursday it has agreed to sell three product vertical businesses, namely furniture, sweaters and beauty, for $1.1 billion in cash.

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#private equity
#hong kong
#li fung
#acquisitions