Kenneth Lo (businessman)
Kenneth Lo Lok Fung | |
|---|---|
| Born | October 1938 (age 85) |
| Nationality | Hong Kong Chinese |
| Citizenship | British[1] |
| Occupation | Businessman |
| Title | Chairman, Crystal Group |
| Spouse | Yvonne Lo |
| Children | 4, including Andrew Lo |
| Relatives | Law Kar Po (brother) |
Kenneth Lo Lok Fung (Chinese: 羅樂風; born October 1938) is a Hong Kong billionaire businessman, chairman of the clothing manufacturer Crystal Group.
Early life[edit]
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.[2][3][4][5] 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.[5] Lo began working in his parents' garment factory at age 14.[5]
His younger brother is fellow billionaire Law Kar Po.[1]
Career[edit]
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.[1][6] The company began as a small sweater factory, but now manufactures clothes for major brands such as H&M, Levi's, and Marks & Spencer.[3] Lo stepped down from day-to-day operations in 2008, but remains involved with the company.[5]
As of March 2022, Forbes estimated his net worth at US$1.0 billion.[1]
Personal life[edit]
Lo's wife is Yvonne Lo (Chinese: 羅蔡玉清), co-founder and vice chairman of Crystal Group.[7] They have four children, and reside in Hong Kong.[1] Their son, Andrew Lo, is CEO of Crystal Group.[8]
References[edit]
- ^ a b c d e "Forbes profile: Kenneth Lo". Forbes. Retrieved 21 March 2022.
- ^ "Lok Fung Kenneth LO". Beta.companieshouse.gov.uk. Retrieved 26 January 2017.
- ^ a b "EOY China 2014 Consumer Products Category Winner".
- ^ "Wearing a private label". South China Morning Post. Retrieved 14 May 2018.
- ^ a b c d "Crystal founder looks to triple staff and revenue". South China Morning Post. Retrieved 14 May 2018.
- ^ "Introduction". Crystal Group. Archived from the original on 7 December 2015. Retrieved 22 October 2015.
- ^ "Directors and Senior Management: Yvonne Lo". Crystal Group. Retrieved 25 January 2019.
- ^ "Speaking with style: Andrew Lo, CEO, Crystal Group". just-style. Retrieved 22 October 2015.