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"We believe this deal is positive and reinforces our view that Li & Fung is becoming more aggressive in deploying capital to grow the company," said Goldman Sachs analyst Joshua Lu.
The management reshuffle has risks as Krogner's experience in apparel quality "cannot be learned in a short period," Goldman Sachs analyst Joshua Lu wrote in a note.
Goldman Sachs analysts Joshua Lu and Larry Cho estimated the buyout would lift Li & Fung's forecast sales for this year 6.2 per cent and its earnings per share 5.8 per cent.
Address: N0.8 Baishuichong village,Liangnong town,Yuyao city Zhejiang province,China ... 86-0574-62371378: Contact name: Joshua Lu
Like students Alex Lim, Jun Loong and Joshua Lu, all 16. Alex found it interesting that the boys had different personalities while Jun Loong was impressed with how good they looked ...
... this deal is positive and reinforces our view that Li & Fung is becoming more aggressive in deploying capital to grow the company," said Goldman Sachs analyst Joshua Lu.
The management reshuffle has risks as Krogner's experience in apparel quality "cannot be learned in a short period," Goldman Sachs analyst Joshua Lu wrote in a note.
"Walmart could double Li & Fung's business," Joshua Lu and Fiona Lau, Hong Kong-based analysts for Goldman Sachs Group Inc, said in a note to clients on Friday.
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