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Li & Fung

August 13, 2012

Despite growing fears of an economic slowdown in Asia, the week has started off well for family businesses ICTSI and Tat Hong, whose profits have significantly jumped. However, Li & Fung has not been as lucky as its operating profit fell and revenues increased only marginally.

Despite growing fears of an economic slowdown in Asia, the week has started off well for family businesses ICTSI and Tat Hong, whose profits have significantly jumped. However, Li & Fung has not been as lucky as its operating profit fell and revenues increased only marginally.

January 27, 2012

The family behind French fashion house Sonia Rykiel is in talks to sell a majority stake in the family business to Fung Brands, the investment arm of Chinese billionaire brothers Victor and William Fung.

The family behind French fashion house Sonia Rykiel is in talks to sell a majority stake in the family business to Fung Brands, the investment arm of Chinese billionaire brothers Victor and William Fung.

Under the proposed deal, Fung Brands would control 80% of the Paris-based firm,while the Rykiel family would retain the remaining stake, both companies said in a statement on 26 January.

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