Li & Fung considers sale of consumer and health care business LF Asia

Li & Fung considers sale of consumer and health care business LF Asia

Li & Fung is said to be planning to offload its consumer and health care distribution business, LF Asia, as part of a strategy to refocus resources on supply chain management, according to a report published by Nikkei.

Analysts have pegged the value of the business at HK$400million, and documents submitted to the Hong Kong Exchanges and Clearing suggest that the trading company has opened negotiations with a third party.   

LF Asia operates more than 40 branches and logistics centers in China and Southeast Asia, suppliying over 30,000 stores and health care institutions.

IN CONVERSATION WITH...

FORMULA FRIDAY

STREET TALK

60 SECOND PITCH

WELLNESS

FASHION

TRAVEL

PROFESSIONAL BEAUTY

TOP 50 BRANDS