Kenneth Lo
Lok Fung Kenneth Lo (Chinese: 羅樂風; born October 1938) is a Hong Kong billionaire businessman, chairman of the clothing manufacturer Crystal Group.
Kenneth Lo | |
---|---|
Born | October 1938 (age 81) |
Nationality | Hong Kong Chinese |
Other names | Lo Lok Fung |
Citizenship | United Kingdom[1] |
Occupation | Businessman |
Net worth | US$2.9 billion (May 2018)[1] |
Title | Chairman, Crystal Group |
Spouse(s) | Yvonne Lo |
Children | 4, including Andrew Lo |
Relatives | Law Kar Po (brother) |
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.[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
Lo's Crystal Group, which he established in 1970 with his wife, employs over 48,000 people in 20 locations and has an annual turnover of over US$1.6 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 May 2018, Forbes estimated his net worth at US$2.9 billion.[1]
Personal life
Lo's wife is Yvonne Lo (Chinese: 羅蔡玉清), co-founder and vice chairman of Crystal Group.[7] They have four children[8] and his son, Andrew Lo, is CEO of Crystal Group.[9]
References
- "Kenneth Lo". Forbes. Retrieved 2 May 2017.
- "Lok Fung Kenneth LO". Beta.companieshouse.gov.uk. Retrieved 26 January 2017.
- "EOY China 2014 Consumer Products Category Winner".
- "Wearing a private label". South China Morning Post. Retrieved 14 May 2018.
- "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.
- "Forbes". Retrieved 20 February 2017.
- "Speaking with style: Andrew Lo, CEO, Crystal Group". just-style. Retrieved 22 October 2015.