HONG KONG, Dec 14 Hong Kong's Li & Fung Ltd
said it would divest its furniture, beauty and
sweaters businesses for $1.1 billion to a consortium backed by
private equity firm Hony Capital, a deal that is expected to
trigger net loss in 2017.
HONG KONG, Aug 24 Li & Fung Ltd, which
supplies clothing and other products to retailers worldwide, on
Thursday reported a 6.1 percent rise in first-half adjusted net
profit and said it expected headwinds from store closures to
continue in the second half of the year.