Kenneth Lo (businessman)
Kenneth Lo Lok Fung | |
|---|---|
| Born | Error: Need valid birth date: year, month, day Mainland China |
| Occupation(s) | Entrepreneur, businessman |
| Known for | Chairman of Crystal Group |
Kenneth Lo Lok Fung (; born October 1938) is a prominent Hong Kong billionaire entrepreneur and serves as the chairman of the apparel manufacturer Crystal Group.
Early life
Kenneth Lo was born in mainland China in October 1938 and is the eldest son of Law Ting Pong, a notable textile businessman based in Hong Kong. During his childhood, his family moved to Hong Kong, where they initially resided in a refugee camp and depended on food aid from the United Nations. At the age of 14, Lo began working in the garment factory operated by his parents.
His younger sibling is billionaire Law Kar Po.
Career
In 1970, Kenneth Lo, together with his wife, established Crystal Group. What started as a modest sweater manufacturing operation has expanded into a leading apparel production company with over 74,000 employees spread across 20 facilities worldwide. The business now generates annual revenues surpassing US$2.5 billion. Crystal Group manufactures clothing for internationally recognized brands such as H&M, Levi's, and Marks & Spencer. Although Lo withdrew from active management duties in 2008, he continues to maintain involvement with the company.
As reported by Forbes in March 2022, his net worth was estimated at US$1.0 billion.
Personal life
Yvonne Lo (羅蔡玉清), Kenneth Lo's wife, co-founded Crystal Group alongside him and holds the position of vice chairman. The couple has four children and resides in Hong Kong. Their son, Andrew Lo, occupies the role of CEO within Crystal Group.