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Li & Fung thrived as a sourcing agent for western retailers but now faces headwinds. To revive its fortunes Chairman William Fung, left, and CEO Spencer Fung plan to take the company private. (Nikkei Montage/Source photo by Getty Images)
Business Spotlight

Hong Kong's Li & Fung plots future as global supply chain frays

Century-old business icon pounded by e-commerce, coronavirus and protectionism

NIKKI SUN, Nikkei staff writer | Hong Kong

HONG KONG -- Even though Li & Fung had been a Hong Kong fixture for more than a century, CEO Spencer Fung never anticipated a cushy job when he took over the world's largest sourcing company in 2014.

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