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...

Business

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...