Li & Fung Profit Falls 14% as Economic Fears Hurt RetailersBy
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.
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