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
BornOctober 1938 (age 81)
NationalityHong Kong Chinese
Other namesLo Lok Fung
CitizenshipUnited Kingdom[1]
OccupationBusinessman
Net worthUS$2.9 billion (May 2018)[1]
TitleChairman, Crystal Group
Spouse(s)Yvonne Lo
Children4, including Andrew Lo
RelativesLaw 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
  1. "Kenneth Lo". Forbes. Retrieved 2 May 2017.
  2. "Lok Fung Kenneth LO". Beta.companieshouse.gov.uk. Retrieved 26 January 2017.
  3. "EOY China 2014 Consumer Products Category Winner".
  4. "Wearing a private label". South China Morning Post. Retrieved 14 May 2018.
  5. "Crystal founder looks to triple staff and revenue". South China Morning Post. Retrieved 14 May 2018.
  6. "Introduction". Crystal Group. Archived from the original on 7 December 2015. Retrieved 22 October 2015.
  7. "Directors and Senior Management: Yvonne Lo". Crystal Group. Retrieved 25 January 2019.
  8. "Forbes". Retrieved 20 February 2017.
  9. "Speaking with style: Andrew Lo, CEO, Crystal Group". just-style. Retrieved 22 October 2015.
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