20150623-JP_MORGAN-利丰(0494):LI_&_FUNG_TO_PARTNER_WITH_CHINESE_DEPARTMENT_STORES-708368

$利丰(hk00494)$
As per Bloomberg news,Li & Fung is planning to announce new partnerships with Chinese department stores including Beijing Wangfujing(600859 CH,NC,US$2.97bn sales in 2014)and Shanghai Bailian(600827 CH,NC,US$8.3bn sales in 2014).While the news is unconfirmed at this point and there are no details available about the agreements,we performed a quick back-of-the-envelope analysis on the potential deals to put things into perspective.
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