The firm, owned by trading company Li & Fung, boasts over 40 logistics centres across the region, giving it the capacity to service over 30,000 retail outlets and health institutions with its supply chain. Its clients reportedly include international FMCG market-leaders P&G and and Unilever, and according to the Asia Nikkei media outlet, its parent company has started negotiations for the sale with a third party. The news platform notes that papers submitted to Hong Kong Exchanges and Clearing indicated the deal, if it goes ahead, will be in the region of USD 400 million. According to various commentators, including Bloomberg, the sale is still in preliminary stages, with Li & Fung said to be still considering all avenues for the future of its beauty wholesale business. Online wholesale The move to offload the company comes at a time when online platforms are rising to dominance when it comes to wholesale retail for beauty.