Kenneth Lo (businessman) explained

Kenneth Lo Lok Fung
Nationality:Hong Kong Chinese
Citizenship:British
Occupation:Businessman
Chairman, Crystal Group
Spouse:Yvonne Lo
Children:4, including Andrew Lo
Relations:Law Kar Po (brother)

Kenneth Lo Lok Fung (; born October 1938) is a Hong Kong billionaire businessman, chairman of the clothing manufacturer Crystal Group.

Early life

Kenneth Lo was born in mainland China in October 1938, the oldest son of Hong Kong businessman Law Ting Pong, also in the textiles industry.[1] [2] [3] [4] Lo and his family moved to Hong Kong when he was young, initially living in a refugee camp, where they survived off of meal coupons from the United Nations. Lo began working in his parents' garment factory at age 14.

His younger brother is fellow billionaire Law Kar Po.

Career

Lo's Crystal Group, which he established in 1970 with his wife, employs over 74,000 people in 20 locations, and an annual turnover of over US$2.5 billion.[5] The company began as a small sweater factory, but now manufactures clothes for major brands such as H&M, Levi's, and Marks & Spencer. Lo stepped down from day-to-day operations in 2008, but remains involved with the company.

As of March 2022, Forbes estimated his net worth at US$1.0 billion.[6]

Personal life

Lo's wife is Yvonne Lo, co-founder and vice chairman of Crystal Group.[7] They have four children, and reside in Hong Kong. Their son, Andrew Lo, is CEO of Crystal Group.[8]

External links

Notes and References

  1. Web site: Lok Fung Kenneth LO . Beta.companieshouse.gov.uk . 26 January 2017.
  2. Web site: EOY China 2014 Consumer Products Category Winner.
  3. News: Wearing a private label. South China Morning Post. 2018-05-14. en.
  4. News: Crystal founder looks to triple staff and revenue. South China Morning Post. 2018-05-14. en.
  5. Web site: Introduction . Crystal Group . 22 October 2015 . dead. https://web.archive.org/web/20151207190242/http://www.crystalgroup.com/aboutus/index.aspx . 7 December 2015 .
  6. Web site: Forbes profile: Kenneth Lo . Forbes. 21 March 2022.
  7. Web site: Directors and Senior Management: Yvonne Lo . . January 25, 2019.
  8. Web site: Speaking with style: Andrew Lo, CEO, Crystal Group. just-style. 22 October 2015.