The Li & Fung debate.(Supplier Giants 2004)
Home Textiles Today, January, 2005
NEW YORK -- The question mark in this years HTT ranking of the Top 15 largest suppliers revolves around Li & Fung USA. Just what is it, how big is it and how does it fit in?
Li & Fung USA, the American marketing arm of a $6 billion Hong Kong-based sourcing company, claims $800 million in home fashions sales into the U.S. market last year. But others insist that number is inflated. Complicating the issue, Li & Fung USA sells to suppliers and retailers, providing some with private-label programs.
Further complicating things, now Li & Fung owns its own compelling brands, and becomes, in effect, a brand management company as well, competing even more directly with U.S. major mills. Armed with that portfolio of brands, Li & Fung is now poised to start...
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