HONG KONG, March 29 (Reuters) - Global exporter Li & Fung
Ltd said on Wednesday it expected an unprecedented
number of bankruptcies and store closures in the global retail
industry in the years to come.
CEO Spencer Fung was speaking at a results conference.
Li & Fung earlier said its 2016 profit tumbled 47 percent,
(Reporting by Donny Kwok; Writing by Clare Jim; Editing by