1、Li Fung, the supplier of made-in-Asia goods to the likes of Marks and Spencer and Walmart, has placed a question mark over tthe prospect of global economic recovery with underwhelming results. 利豐集團(Li Fung)平平無奇的業(yè)績?yōu)槿蚪?jīng)濟復蘇前景打上了一個問號。利豐是為瑪莎百貨(Marks and Spencer)和沃爾瑪(Walmart)之類大型零售商提供亞洲制造商品的供應(yīng)商。 The Hong

2、Kong-based middleman seen as a bellwether of the wider retail sector blamed weakness in the US for missing analysts forecasts. 這家總部位于香港的中間商被視為零售業(yè)整體的風向標。該集團將未能達到分析師預(yù)期的原因歸結(jié)為美國需求疲弱。 It reported turnover that was up 3 per cent on a year earlier to $8.71bn for the six months to June 30, undershooting the

3、 $8.73bn forecast by analysts polled by Bloomberg. Operating profit fell back 9 per cent to $227m also missing analysts forecasts. The interim dividend was trimmed from HK$0.15 to HK$0.13. 該集團報告，截至6月30日的6個月里營業(yè)額同比增長3%，達到87.1億美元，這一數(shù)字低于彭博(Bloomberg)所調(diào)查的分析師給出的87.3億美元的預(yù)測。運營利潤則回落9%，跌至2.27億美元，同樣低于分析師預(yù)測。中期股

4、息從每股0.15港元減少至0.13港元。 “The US is not performing very well, and we expect the second half to also be difficult,” said Spencer Fung, who recently took over as chief executive. 最近剛剛擔任首席執(zhí)行官的馮裕鈞(Spencer Fung)表示：“美國的業(yè)績不是太好，我們預(yù)計下半年仍將處境艱難。” In March, Li & Fung used an all-stock spin-off to split itse

5、lf into two companies: a sourcing and logistics company, and another managing and licensing brands, called Global Brands Group. 今年3月，利豐進行了全股票剝離操作，將自身分成兩家企業(yè)：一家負責采購和物流的企業(yè)，以及一家負責品牌管理和授權(quán)、名為全球品牌集團(Global Brands Group)的企業(yè)。 “We are back to what Li Fung was before, which was the worlds largest sourcing comp

6、any and supply chain manager, where we completely dominate the market,” Mr Fung said. 馮裕鈞表示：“我們重新回歸了過去的利豐，也就是那個全球最大的采購企業(yè)及供應(yīng)鏈管理商。在這個領(lǐng)域，我們完全主導市場。” The spin-off marked the end of an acquisition binge that began in 2006 and involved snapping up more than 40 companies, with 18 bought in 2011 alone. The total cost to Li Fung the upfront price plus phased performance-related payments topped $7bn. 那次剝離標志著始于2006年的收購熱潮的結(jié)束。在那次收購潮中，利豐收購了逾40家企業(yè)，其中2011年一年就收購了18家。利豐為此付出的總成本（包括前期預(yù)付價格及與業(yè)績相聯(lián)系的分階段付款）達到70億美元。Li Fung shares closed u