Fung Retailing news and archive

PLBY Group and Charactopia Licensing launch Playboy China

PLBY Group, the owner of the Playboy brand, has signed a deal with Charactopia Licensing, a Fung Retailing brand management company, to enter the Chinese market with the launch of a joint venture, Playboy China. The joint venture, valued at 250 million US dollars, will jointly own and operate the Playboy branded consumer products business in...

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Macy's enters joint venture with Fung Retailing to test e-commerce in China

Macy’s, Inc. (M) announced Wednesday it has formed a free-standing joint venture with Hong Kong-based Fung Retailing Limited to explore retailing in China, one of the world’s largest and fastest-growing consumer marketplaces. The joint venture, which is 65 percent owned by Macy’s and 35 percent owned by Fung Retailing, will start with an...