Li & Fung Profit Falls 14% as Economic Fears Hurt Retailers

  • First half of 2016 ‘toughest’ period for company since 2008
  • Supplier says its customers more cautious in placing orders

Li & Fung Ltd., the world’s largest supplier of clothes and toys to retailers, reported a 14 percent fall in first-half core operating profit as concerns about the U.S. presidential election, Brexit impact and terrorism hurt sales.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.