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Last summer we highlighted how Hong Kong's Li & Fung Ltd. took advantage of the economic slump by acquiring several U.S. retail companies. Now comes news that the consumer goods exporter plans to raise HK$2.7 billion ($348 million) selling new shares at a discount to fund acquisitions in the U.S....
Posted on May 5, 2009 1:51 PM
Hong Kong-based Li & Fung Ltd. is making acquisitions, taking advantage of U.S. retail companies hurt by the current economic slump. One of those companies is U.S. handbag importer Van Zeeland Inc., which sells flagship labels such as Kathy Van Zeeland Handbags, B. Makowsky and Tignanello to Macy's Inc. and...
Posted on August 13, 2008 1:47 PM
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