CHAPTER 1 INTRODUCTION The doctrine of lis pendens1contained in Section 52 of the Transfer of Property Act‚ 1882 (hereinafter “TPA”) and expressed by the maxim ut lite pendente nihil innoveturem bodies the principle of law that “…pending a litigation nothing new should be introduced‚ and provides that pendente lite2‚ neither party to the litigation‚ in which any right to immovable property is in question‚ can alienate or otherwise deal with such property so as to affect his opponent.”3 The basis
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Intermediaries such as Li & Fung need to be paid. Why‚ after paying Li & Fung a fee‚ buyers and suppliers still find it valuable to deal through an intermediary? In other words‚ why don’t they trade directly? Li & Fung provides an interface between multiple buyers and suppliers by linking larger retailers in the developed world to a network of suppliers and factories throughout Asia. Buyers still find it valuable to deal through an intermediary because the experience and connection of Li & Fung in Asia
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Li & Fung (A): Internet Issues What has been the historic strength and strategy of Li and Fung? 100 years of history Publicly traded family company Both William & Victor educated at HBS Victor earned Ph.D. & taught there for 4 years 1972 Returned to Hong Kong to modernize company management Hong Kong Based Trading Company – by 2000 69% sales USA 27% sales Europe Major retailers (the Limited‚ Gymboree‚ American Eagle‚ etc) Global sourcing network Holistic Supply Chain Management
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ab UBS Investment Research Key Call: Li & Fung The US$2.8b question How much additional funding does L&F need? Management repeatedly highlighted that L&F will make more acquisitions if organic growth remains weak. We conduct an analysis to assess additional M&A funding required in order to make consensus EBIT estimate for 2013 (US$914m). If organic earnings growth reaches 30% YoY (which could be a stretch goal) in 2013‚ the company will need US$2.8b for more acquisitions that generate 4.8% EBIT
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Introduction Li and Fung‚ a Chinese company founded in 1906 has been experiencing high growth rates due to a series of acquisitions and the offer of a wide range of services in the whole elements of the supply chain (from raw material till finished goods). Recently the question its managers have to deal is how to face the challenges posed by the internet‚ more specifically‚ its lifung.com (after was renamed studiodirect.com) internet site. This company was an extension of its brick and mortar operations
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How does Li & Fung make the supply chain more responsive? Li & Fung manages about 7500 suppliers in more than 26 countries but does not run any of the factories because that would be a humungous task to manage such a large workforce. But working with these factories the company takes anywhere from 30% to 70% of their production so that Li & Fung is their largest customer. Li & Fung is customer focused company where they focus an entire division on serving one customer or has a smaller
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Management BITS Pilani Department of Management BITS Pilani | Li Ning- Anything is possible | Case study analysis report | | | 1/24/2013 | | Submitted To: Dr. R. Raghunathan Department of Management BITS‚ Pilani Submitted To: Dr. R. Raghunathan Department of Management BITS‚ Pilani Submitted By: Name: MANJU ID: 2012H149239P Submitted By: Name: MANJU ID: 2012H149239P INTRODUCTION Li Ning established in 1990 was one of the leading sporting goods company
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Li Ning – Anything is possible Since its foundation in 1990‚ Li Ning‚ a leading sporting goods company in the China‚ has been experimenting a high speedy development that became company in the dominant domestic sport brand. Part of this success has been possible due to company’s strategy‚ which is based in extensive retailing‚ franchised stores‚ concessions and sponsorship to many sport teams. However‚ during the Asian financial crisis in 1997‚ company decided to reorganize its operations and
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(AGG) Different views on issues from people lead to different actions‚ which create arguments‚ and potentially cause direct confrontations. (BS-1) In the novel Under the Persimmon Tree‚ Suzanne Staples depicts how Islam as a religion is perceived by the general public of non-muslim population. (BS-2) She also describes how Islam is viewed and interpreted by its moderate and extremist followers. (BS-3) Finally‚ she describes how the terrorist action by the Islamic extremists provoked a war between
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Najmah in the book Under the Persimmon Tree‚ by Suzanne Fisher Staples. In this realistic setting‚ Najmah‚ the main character‚ loses most of her family due to the brutality and imposition of the Taliban. The novel depicted the Taliban as dangerous and strict‚ which is interchangeable for what the Taliban is like in reality. Staples used the Taliban conflict to deepen the reader’s understanding of the impact of conflict on people’s lives. In the novel Under the Persimmon Tree‚ the Taliban is accurately
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