Hong Kong’s Li & Fung had a 6 percent drop...

2010-03-24T00:00:00

Hong Kong’s Li & Fung had a 6 percent drop in sales in 2009 to 104.5 billion Hong Kong dollars (€10.0bn-$13.5bn), which the company attributed to weak markets, customer bankruptcies and retailers’ keeping tight inventories. The U.S., which was hard hit by the recession, makes up 64 percent of the ...

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