Li & Fung Shares Surge 19 Percent on Upbeat Earnings, Spin-off Plan

Dr Victor Fung | Source-Li & Fung Ltd

HONG KONG, China — Shares of global sourcing firm Li & Fung Ltd jumped to their highest in more than a year on Friday as investors cheered better-than-expected earnings and focused on a new three-year plan that includes spinning off its brands and licences unit.

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Science Fiction is Swiftly Becoming Fact

Exponential technologies, from artificial intelligence to digital manufacturing to synthetic biology, are set to “digitise, dematerialise, demonetise and democratise” entire industries, disrupting old business models and giving rise to new breakthroughs, say experts from the Silicon Valley-based Singularity University.

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Bangladesh Factory Victims Wait as Compensation Meeting Delayed

Inside a Bangladeshi garment factory | Source: Reuters

LONDON, United Kingdom — A meeting to determine compensation for victims of two factory disasters in Bangladesh was postponed until September after a union official fell ill, workers threatened to strike in Dhaka and European brands balked at attending over the summer.

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Blurring gender boundaries, LVMH strikes Hermès again, Li & Fung buys Cerruti, Yohji at the V&A, Bibhu Mohaputra

Andrej Pejic | Source: Deviantart.com

Fashion blurs gender boundaries (Telegraph) “Transsexuals, transvestites and models with no clear gender affiliation are all the rage in current advertising campaigns and editorials.” Hermès Shares Jump in Paris After LVMH Increases Holding (Bloomberg) “Hermès International rose as much as 5 percent in Paris trading after larger luxury-goods rival LVMH Moet Hennessy Louis Vuitton SA said it increased its stake in

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