Top 5 Stocks For 2015: Li & Fung Ltd (LFUGY)
Li & Fung Limited is an investment holding company. The Company, along with its subsidiaries, is principally engaged in managing the supply chain for retailers and brands worldwide from over 300 offices and distribution centers in more than 40 economies. It operates in three segments: Trading Network, Logistics Network and Distribution Network. Trading Network segment is engaged in the global sourcing business. Logistics Network segment operates both the Company's international and domestic logistics services networks globally. Distribution Network segment operates the onshore distribution businesses in the US, Pan-European and Asian regions. In September 2011, the Company acquired Midway Enterprises (Guangzhou) Ltd, Wonderful World (HK) Ltd and Wonderful Overseas Limited, as well as True Innovations, LLC. As of December 31, 2011, its subsidiaries included Integrated Distribution Services Group Limited, LF Centennial Limited and others. Advisors' Opinion:- [By Maria Armental var popups = dojo.query(".socialByline .popC"); popups.forEach]
Li & Fung(LFUGY) will distribute some of Coty Inc.'s(COTY) key brands in China, including Adidas, Rimmel and Playboy, as part of an agreement between the two companies. The move is part of Coty’s efforts to reorganize its business in China and focus on growing its business in the world’s second largest economy, the company said in a statement Tuesday.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-stocks-for-2015.html
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