Fung Group Archives - Inside Retail Asia
Fung Group subsidiary LF Products will rebrand itself as Living Style Group.
Fung Group has sold its Guangzhou Circle K-store network to Chinese retailer Suning for an undisclosed sum.
Reinventing bricks-and-mortar stores and engaging in enterprise-wide digital transformation are vital in 2019, a study by Fung Business Intelligence reveals.
Fung Retailing and Alibaba have formed a strategic partnership to launch more international lifestyle brands in Mainland China.
Bruce Rockowitz has stepped down as CEO of Global Brands after the sale of the company’s North American assets was settled.
French fashion label Ikks has launched in Mainland China after forming a partnership with Fung Kids.
Fung Retailing’s battle with the administrators of bankrupt Toys R Us has ramped up, with the latter company filing an injunction request in US courts.
The Fung family has invested US$35 million in Indian technology platform ShopX.
“Multiple bids” of more than US$1 billion have been lodged for the 85 per cent share of the Toys R Us Asia joint venture with Fung Group.
Toys R Us Asia has repeated earlier assertions that its business will not be affected by the liquidation of Toys R Us stores in the US and UK.
Toys R Us will sell or close all of its US and UK stores in coming months.
Toys R Us UK has been placed in administration after weeks of uncertainty.