Li & Fung CEO predicts steady Christmas sales
By Robyn Meredith and Frank Longid | China Daily | Updated: 2011-09-02 08:00
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A booth at the Hong Kong Toys & Games Fair in January. Toymakers this year charged more to fill orders for Christmas, citing higher labor and materials costs as well as the yuan's appreciation against the dollar. Dale De La Rey / Bloomberg |
HONG KONG - Victor Fung, billionaire chairman of the Li & Fung Group, which includes the world's biggest supplier to retailers, said Christmas season sales will match last year's as the global economy recovers.
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