Li & Fung Profits Plunge 47 Percent on “Toughest” Ever Trading Environment

It’s tough times for the middleman as e-commerce increasingly connects producers with consumers, and that fact played its part in the nearly 50 percent plunge in Li & Fung’s profits last year.

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Shuffle Board: Michael Kors Hires New CFO, Uniqlo Taps Gap Veteran to Helm NY R&D Hub, Four Tiffany & Co. Executives Depart

Michael Kors hired Thomas J. Edwards, Jr. as its new CFO, Uniqlo tapped Gap Veteran Rebekka Bay to helm its new New York R&D Center and four Tiffany & Co. executives exited their roles.

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