Li & Fung: See Many Acquisition Opportunities In US, Europe
May 13 2009 - 1:31AM
Dow Jones News
Blue-chip consumer goods trading company Li & Fung Ltd.
(0494.HK) sees many acquisition opportunities in the U.S. and
Europe, Managing Director William Fung said Wednesday.
Talking to reporters after the firm's annual general meeting,
Fung said the company's acquisition targets include businesses in
healthcare and cosmetics.
Company President Bruce Rockowitz said the downturn in the U.S.
consumer market is nearing bottom, adding Li & Fung's orders
from clients have been picking up since March.
-By Jackie Cheung, Dow Jones Newswires; 852-2802-7002;
jackie.cheung@dowjones.com