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"We are very honoured to be named to the World Retail Congress' Hall of Fame. It is a fitting acknowledgment of the crucial role Li & Fung plays in managing the supply chains for major retailers and brands worldwide. We are particularly pleased that the important and critical function of product suppliers and the whole supply chain has been recognised. As a Group, we stand behind successful retailers by leveraging our world wide supplier network infrastructure to provide global sourcing solutions. Our nomination is also an indication that competition to-day is not just between retailers, but between retailers and their supply chains. We are a part of the Li & Fung global team of more than 14,000 colleagues in over 40 economies and the award should go to all of them as they each play a vital part in Li & Fung's achievements."
Joint quote from Victor and William Fung on their induction to the World Retail Hall of Fame
We are delighted to announce the names of the 2009 inductees into the World Retail Hall of Fame.
The World Retail Hall of Fame contains over one hundred individuals who it is felt have helped create modern retailing both in their home countries and in some cases, throughout the world.
Each year, we consult senior retailers around the world for their recommendations of who should be honoured with membership of the World Retail Hall of Fame. Three new names are elected to join the Hall of Fame.
The 2009 Inductees who were recognised at a special dinner held in Barcelona during the World Retail Congress were:
Brad Anderson
Vice Chairman and Chief Executive Officer, Best Buy Co Inc.
Brad Anderson is a pivotal figure in the development of Best Buy in becoming the world’s biggest consumer electronics retailer. He joined the fledgling Sound of Music chain – the precursor to Best Buy – in 1973 and learnt early on the importance of customer-focussed sales strategies. First as a sales person and then store manager, he developed this approach until he was recognized by the founder Dick Shulze for his retail operations talent and made him vice president in 1981. Working closely with Schulze, Brad began to develop the warehouse, self-service format that became key to Best Buy’s growth and the development of its culture of innovation. In 1986, Anderson was promoted to executive vice president and was elected to Best Buy’s Board of Directors. In April 1991, he was promoted to president and chief operating officer. Anderson was named vice chairman in 2001. In June 2002, he assumed the position of chief executive officer. Today, Anderson leads approximately 140,000 employees throughout North America and China and has grown Best Buy to a $40 billion business by revenue. Earlier this year it was announced that he would be retiring from the business in June. Jacques Levy
CEO, Sephora Worldwide
Jacques Levy was appointed Chief Executive Officer of Sephora Europe, in September 2003 by its owners, the LVMH group. He was promoted to be global CEO in 2005. A graduate of France's Ecole des Hautes Etudes Commerciales business school (HEC), Jacques Levy held a series of positions of increasing responsibility in the distribution sector, working with the Darty, Galeries Lafayette/Nouvelles Galeries and Disney groups. At Disney, he held several international positions. He was first Director of Operations for Europe and then VP, General Manager Global Franchise with the Disney Stores division. He subsequently joined the Disney Consumer Products division as VP, Retail Business Development, based in Los Angeles. He was also the president of Staples International, the international unit of the leading office supplies group. Jacques Levy is a highly respected and proven retail leader, which he has demonstrated as the head of this LVMH division. Victor and William Fung
Chairman/Managing Director, Li & Fung
Brothers Victor and William Fung are highly respected middlemen of modern retailing having built a sourcing empire supplying some of the world’s biggest retailers. The Fungs are acknowledged to have invented what William calls "borderless manufacturing." The rise of Li & Fung as a key global player began in the early 1970s when the Fung brothers returned to Hong Kong from the U.S. and joined the family trading firm 
their grandfather founded in 1906. With the revolution in technology and manufacturing processes, the Fungs realised that manufacturing no longer had to be based in one country. Today, they have 72 offices in 41 countries and turnover of $14 billion. Their impact has been on global manufacturing but also on retail profitability as they have pioneered cheaper, highly efficient manufacturing.
Regards
Ian McGarrigle
Congress Director
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