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Black Cat Fireworks
Li & Fung Limited is a Bermuda-incorporated, Hong Kong-based supply chain manager. In 2020, it was reportedly struggling to turn its century-old business around for years. On 13 February 2017, it was removed from the blue chip index: Hang Seng Index and replaced by Geely Auto. Between 2011 and 2020, it lost 95% of its market value with its turnover almost halving. The company was privatized in 2020. In 2020 the Fung family privatized the company with a 94 percent stock price loss (HKD 1.25) from its best performance back in 2011 (HKD 21.319). A massive restructuring took place after the privatization that reportedly reduced 70% of staff globally leading to employee protests at the entrance of the Hong Kong office and claims of unlawful dismissals in the Bangladesh office. The company has also been accused of not paying suppliers together with a long list of retailers. A few days prior to Li & Fung's use of a coupon step-up that was announced on August 12, 2020, Li & Fung annou ...
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Listed Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in Over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the Unit ...
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Jade
Jade is a mineral used as jewellery or for ornaments. It is typically green, although may be yellow or white. Jade can refer to either of two different silicate minerals: nephrite (a silicate of calcium and magnesium in the amphibole group of minerals), or jadeite (a silicate of sodium and aluminium in the pyroxene group of minerals). Jade is well known for its ornamental use in East Asian, South Asian, and Southeast Asian art. It is commonly used in Latin America, such as Mexico and Guatemala. The use of jade in Mesoamerica for symbolic and ideological ritual was influenced by its rarity and value among pre-Columbian Mesoamerican cultures, such as the Olmecs, the Maya, and other ancient civilizations of the Valley of Mexico. Etymology The English word ''jade'' is derived (via French and Latin 'flanks, kidney area') from the Spanish term (first recorded in 1565) or 'loin stone', from its reputed efficacy in curing ailments of the loins and kidneys. ''Nephrite'' is der ...
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John Hagel III
John Hagel (or John Hagel III) is a management consultant and author. Hagel has spent over 40 years in Silicon Valley. He is the founder of two technology startups and served as the Senior Vice President for Strategic Planning at Atari, Inc. He spent 16 years at McKinsey & Company, where he helped open their Silicon Valley office and served as a leader of their strategy practice as well as founded their e-commerce practice in 1993. Hagel has also been a consultant at Boston Consulting Group. In 2007, Hagel founded the Deloitte Center for the Edge, a Silicon Valley-based research center. The Center for the Edge now has offices in Amsterdam and Melbourne. Hagel is also involved with several other organizations, including the World Economic Forum, where he currently serves as co-chair of the Global Future Council on the Future of Platforms and Systems. He is also on the Board of Trustees of the Santa Fe Institute, an organization that conducts research on complex adaptive systems, a ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Sustainable Apparel Coalition
Specific definitions of sustainability are difficult to agree on and have varied in the literature and over time. The concept of sustainability can be used to guide decisions at the global, national, and individual levels (e.g. sustainable living). Sustainability is commonly described as having three dimensions (also called pillars): environmental, economic, and social. Many publications state that the environmental dimension (also called "planetary integrity" or "ecological integrity") is the most important, and, in everyday usage, "sustainability" is often focused on countering major environmental problems, such as climate change, Biodiversity loss, loss of biodiversity, loss of ecosystem services, land degradation, and Air pollution, air and water pollution. Humanity is now exceeding several "planetary boundaries". A closely related concept is that of sustainable development, and the terms are often used synonymously. However, UNESCO distinguishes the two thus: "''Sustainabili ...
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Geely Automobile
Geely Auto is the primary car marque of Chinese group Geely. Listed as Geely Automobile Holdings Ltd. on the Hong Kong Stock Exchange and controlled through holdings in Zhejiang Geely Holding Group, Geely Auto is ZGH's mainstream brand primarily sold in China and select overseas markets. Geely Auto is the group's original brand. Geely Auto products are divided into three eras from 1.0 era (1997-2007), 2.0 era (2007-2014), 3.0 era (2014–present). Before the current 3.0 era, Geely Auto products were also sold under different brands, including Emgrand, Englon, Gleagle, and Shanghai Maple. After entering the 3.0 era, all other brands were discontinued and their products consolidated under the Geely Auto brand. Geely cars are manufactured using a modular architecture platform, denoted by the acronyms CMA, BMA, NL, FE, and KC. Products Current * CMA(中国星)series ** 2019 – Geely Xingyue (星越 Xingyue) Fastback compact crossover CMA ** 2021 – Geely Xingyue ...
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Blue Chip (stock Market)
A blue chip is stock in a '' stock corporation'' (contrasted with non-stock one) with a national reputation for quality, reliability, and the ability to operate profitably in good and bad times. Origin As befits the sometimes high-risk nature of stock picking, the term "blue chip" derives from the card game poker. The simplest sets of poker chips include white, red, and blue chips, with American tradition dictating that the blues are highest in value. In the United States, blue chips were traditionally used for higher values such that "blue chip" used in noun and adjectival senses are attested since 1873 and 1894, respectively. This established connotation was first extended to the sense of a blue-chip stock in the 1920s. According to Dow Jones company folklore, this sense extension was coined by Oliver Gingold (an early employee of the company that would become Dow Jones) sometime in the 1920s, when Gingold was standing by the stock ticker at the brokerage firm that later be ...
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Global Brands Group
Global Brands Group Holding Limited () is a bankrupt holding company that has its own brand of apparel and footwear, as well as being a brand management company. It designs, develops, markets and sells products under a diverse array of owned and licensed brands in a wide range of product categories. In June 2021, despite a series of asset sales, the company's liabilities still exceeded its asset value. Trading in the shares of the financially stressed entity was halted by the Hong Kong Stock Exchange due to its inability to file annual results. In 2022 Creative Artists Agency took full ownership of the joint venture, CAA-GBG Global Brand Management Group (CAA-GBG), a partnership that was launched in 2016. CAA-GBG works with brand owners, retailers, and manufacturing partners to engage new consumers by extending brands into new geographies and product categories. Through this brand management business, the company manages brands as well as celebrities including David Beckham and Dr ...
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Temasek Holdings
Temasek Holdings (Private) Limited, or simply Temasek, is a Singaporean state holding company owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek owns and manages a total of US$496.59 billion (S$671 billion) in assets under management (AUM) as of December 2022. Its net portfolio is US$287 billion (S$403 billion) as of 2022, with S$37 billion divested and S$61 billion invested during the year. Its one-year total shareholder return (TSR) was 5.8%, with longer term 10 and 20-year TSRs at 7% and 8% respectively, compounded annually. Its TSR since inception was 14%, compounded over 48 years. Headquartered in Singapore, it has 12 offices in 8 countries around the world, including in Beijing, Hanoi, Mumbai, Shanghai, Shenzhen; and London, Brussels, New York, San Francisco, Washington, D.C. and Mexico City outside Asia. It is an active shareholder and investor, with four key structural trends guiding its long term portfolio construction – Digitisation, Sus ...
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Bruce Makowsky
Bruce Makowsky (born 1956) is an American real estate developer and entrepreneur. In 2017, he set the record for the most expensive home listed in the United States by listing a home he developed in Bel Air on the market for $250 million, which ultimately sold for $94 million in October 2019. Career Makowsky built a fashion business in New York selling designer handbags through over 1,300 department stores and QVC. He and his wife, Kathy Van Zeeland, sold handbags and shoes for 30 years through their flagship labels Kathy Van Zeeland Handbags, B. Makowsky and Tignanello. The couple sold the company in 2008 to Li & Fung Ltd based in Hong Kong. Makowsky is the founder of BAM Luxury Development, a property development company that focuses on a 10-mile radius centered around the Westside of Los Angeles. After buying an oceanfront home in Malibu, California in 2010, Makowsky purchased a 12,500-square-foot European villa-style home as an investment property in Beverly Park, Los Angel ...
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Bruce Rockowitz
Bruce Philip Rockowitz (born October 24, 1958) is a Canadian businessman, the chairman of Rock Media International and co-founder of the Pure Group. Early life Rockowitz was born on October 24, 1958. He dropped out of the University of Vermont to play tennis professionally. He started in Hong Kong, and became head tennis coach at the Hong Kong Country Club, where he taught the then chairman of Li & Fung. Career In 1981, he co-founded Colby International with fellow Canadian Allan Zeman, and was CEO and president 1986 to 2000. In 2000, Victor Fung and Li & Fung acquired Colby for US$2.2 billion, and Rockowitz was CEO from 2011 to 2014. Rockowitz has been vice chairman and CEO of Global Brands Group since May 2014. He is the co-founder and non-executive chairman of The Pure Group. Rockowitz is a member of the advisory boards for the Wharton School's Jay H Baker Retailing Center and the Fashion Institute of Technology. Personal life Rockowtiz has two daughters from his first ...
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Inchcape Plc
Inchcape plc is a British multinational automotive distribution, retail and services company headquartered in London. An outgrowth of Calcutta-based Mackinnon Mackenzie Company, Inchcape has operations in 32 countries across Asia, Australia, Europe, Africa and South America. Inchcape is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History 1847–1950 In 1847, William Mackinnon and Robert Mackenzie formed the Mackinnon Mackenzie Company (MMC), a general merchanting partnership based in Calcutta. In 1856 Mackinnon formed the ''Calcutta and Burma Steam Navigation Company'' to carry post to the region: the Company appointed MMC as their agents, secured contracts to transport British troops from Ceylon to India during the Indian Mutiny of 1857 and in 1862 floated on the London Stock Exchange under the name ''British India Steam Navigation Company''. In 1874, James Lyle MacKay joined Mackinnon and Mackenzie in Calcutta and by 1914 was the so ...
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