2014年11月26日(水)
21 May 2014
Li & Fung Limited
Li & Fung reaches next milestone
of spin-off and
separate listing of Global Brands Group on the Main Board of
the Hong Kong Stock
Exchange
ttp://www.lifung.com/wp-content/themes/lifung_new/pdf-dl.php?file=/wp-content/uploads/2014/06/20140521.pdf
【後半部分の引用】
Experienced Management Teams Will Lead Both Entities
The
leadership teams of both businesses will be very strong.
For Global Brands
Group, Bruce Rockowitz will assume the role of Chief Executive Officer and a
very strong management team
has been put in place, the majority of whom have
been involved in the running of the brands and licensing business at Li &
Fung.
Dow Famulak will become President and manage business operations, Ron
Ventricelli will be
the Chief Operating Officer, Jason Rabin will become the
Chief Merchandising Manager, and Frank Leong
will join as Chief Financial
Officer.
William Fung will become the non-Executive Chairman.
At Li &
Fung, as previously announced, William Fung will remain Chairman and Spencer
Fung, currently Chief Operating Officer,
will assume the role of Chief
Executive Officer.
Spencer has worked in the business for 13 years in
different locations around the world.
There are currently no other changes in
the Li & Fung management team.
Dr. William K. Fung, Chairman of Li & Fung Limited, said
“In March we
announced our new Three-Year Plan and the reorganization of our distribution
network
by aligning our private label businesses, which relies more on our
core sourcing skills, to our trading business and
creating the new standalone
Global Brands Group, which consists of the existing brands and licensing
businesses.
“Our decision to spin-off and list Global Brands Group as a
separate publicly-listed entity on the Hong Kong Stock Exchange
is a natural
extension of this strategic realignment of our business.
We view this as a
separation of equals with each company having strong growth prospects,
and we
believe that separating Li & Fung and Global Brands Group into two distinct
companies will deliver meaningful benefits
to each of the businesses, our
customers, and our shareholders.
“We believe the core Li & Fung business
will be well positioned to move forward very effectively.
We are looking
forward to further enhancing our status as the leading global supply chain and
logistics company
with operations in more than 40 markets around the
world.”
Mr. Bruce Rockowitz, Group President & CEO of Li & Fung
Limited, stated
“This is a very exciting milestone for all of us at Li &
Fung and Global Brands Group.
In 2005, we began the brands and licensing
business to capitalize on Li & Fung’s expertise, global network,
and
history in the apparel industry.
It has since grown into a very sizable and
renowned business that manages a portfolio of some of the strongest global
brands
that exist today.
“All of us at Li & Fung see great opportunity
to develop this business further through a growth strategy
that will include
further building out the portfolio of licensed brands, adding new categories to
the current brand portfolio,
and increasing the geographic and channel
footprint.
We believe that allowing Global Brands Group to focus on this
strategy as a standalone business will be the best way forward.
“I am excited
about the prospects for Global Brands Group and looking forward to maximizing
the opportunity before us.
I am also pleased that Global Brands Group will
maintain a commercial relationship with Li & Fung going forward,
to the
benefit of both companies well into the future.”
A redacted form of the Form
A1 is currently available for public viewing on the Stock Exchange’s website
at
http://www.hkexnews.hk/APP/SEHKAPPMainIndex.htm.