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William 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.

March 27, 2012

Two European family businesses have posted poor financial results following “another difficult year”, but Li & Fung, a family-controlled trading group in Asia, has fared better.

Two European family businesses have posted poor financial results following “another difficult year”, but Li & Fung, a family-controlled trading group in Asia, has fared better.

In the UK, family-controlled Wates Group said on 26 March that revenues rose by 13% to £1.12 billion (€1.34 billion) in 2011.

February 21, 2012

Fung Brands, the investment arm of Hong Kong’s billionaire brothers Victor and William Fung, has acquired a majority stake in France’s family-controlled fashion house Sonia Rykiel.

Fung Brands, the investment arm of Hong Kong’s billionaire brothers Victor and William Fung, has acquired a majority stake in France’s family-controlled fashion house Sonia Rykiel.

In a statement released on 20 February, Fung Brands said it has bought 80% of the Paris-based luxury business, famous for its colourful knitwear and poor boy sweaters.

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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