Li & Fung & Daymon JV to bring significant business in near-term
11 Aug '05
3 min read
“Through this partnership, they can immediately reach Daymon's customer base of more than 100 major retailers worldwide in a sector in which they would like to increase their presence,” remarked Bruce Rockowitz, president of Li & Fung (Trading) Limited.
“While the relationship is still in its infancy, they believe it will bring significant business in the near-term.”
Connecticut based Daymon Worldwide Inc is a privately held international company specializing in the sales and marketing of private label consumer products. The company works with some of the leading retail, wholesale and food service companies across the U.S. and in 15 countries. Its customers include supermarket and drug chains, mass merchandisers, warehouse clubs, specialty stores, food service distributors, buying cooperatives and wholesalers. Daymon Worldwide works with more than 3,500 manufacturers of all types of private label products and employs over 11,000 associates.
Largest export trading firm Li & Fung Limited is the world's leading buying agency for consumer goods, managing the supply chain for retailers and brands worldwide. Based in Hong Kong, the Group services its customer globally through a sourcing network of over 70 offices in 40 countries and territories. Founded in Canton (now Guangzhou), the PRC in 1906, the Li & Fung Group is a multinational group of companies headquartered in Hong Kong operating three distinct core businesses – export trading, retailing and distribution. The Li & Fung Group has a total staff force of over 12,000 worldwide.
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