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Speed, Innovation, Supply Chain and Digitalization

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Apparel Online India April, 16-30, 2017

READ MORE ON Growth StrategiesLi & FungPVHTommy Hilfiger

The key focus of Li & Fung’s three-year plan

As Li & Fung, again missed estimates and reported its third year of declining profit, mainly due to the rise of e-commerce, challenging its brick-and-mortar business model, it reinforced the company’s resolve to put corrective measures in place when defining future strategies. The company has set a new three-year target to increase its revenue by a ‘low double digit’ percentage between 2017 – 2019 after failing to reach its profit targets from 2014 – 2016. The company’s new three-year plan focuses on the company’s urgent transformation with the goal of creating an efficient supply chain and the need for speed, innovation and digitalization to help brands and retailers respond to consumer trends and growing emphasis on going digital. “We have…

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Source: Apparel Online India April, 16-30, 2017
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