Li & Fung

Li & Fung spinoff gathers momentum

Li & Fung wants a separate listing for its Global Brands Group and is the latest Hong Kong family-owned business looking to unlock value this way.

Li Fung has moved a step closer to separately listing the business that controls brands such as Juicy Couture and develops clothing, footwear and accessories under licence for fashion labels such as Calvin Klein and Tommy Hilfiger.   

Li Fung, the latest Hong Kong family-owned business seeking to unlock value via a spinoff, said late Wednesday that the Hong Kong Stock Exchange had completed its initial review of the supply-chain manager’s plan to list Global Brands Group and will now consider approval. 

The proposed listing of Global Brands Group's shares is by way of a 100% distribution in specie with no new capital raised, with...

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