Early life,family,education and business career
Fang was born into the Fang family in Shanghai,China on 7 May 1943 during the Second Sino-Japanese War. His younger brother is the billionaire industrialist Kenneth Fang,who is known as the "King of Textiles" and founded Fang Brothers Knitting,one of the world's largest apparel-manufacturing businesses that is separate from the family's textile operations. [1] [2] One of Fang's nephews is Douglas Fang,the current chairman of Fang Brothers Holdings,which manages business interests of the descendants of his late father,Kenneth Fang,and is engaged in electronics,retail,property development,energy storage,and auto parts sectors. [3] Fang's son,Alan Fang,is an entrepreneur serving as Chief Executive of Novo Holdings,China's largest multi-brand fashion retailer. [4] He is also known for bringing Formula Electric Racing to Hong Kong in 2016 and is the principal backer of privately-funded Kaleido Park,a 11-hectare European-style floral cultural garden in Lantau Island. [5] [6] [7] [8]
He moved to Hong Kong and attended Wah Yan College,an eminent Jesuit all-boys secondary school in Hong Kong,graduating in 1962. He later obtained both his bachelor's and master's degrees in Science of Textiles Engineering from the North Carolina State University in 1967 and 1969 respectively. After he returned to Hong Kong,he became the Chief Executive of the Toppy Group,managing over 350 stores and 500 outlets worldwide. [9] Under his leadership,Toppy Group has grown into "the Hong Kong fashion industry's greatest success",and amongst its accolades include the International Award at the Hong Kong Business Awards. [10] [11] He was also managing director of Fantastic Garments Limited. [12]
Fang has been an Independent Non Executive Director of The Wharf (Holdings) Limited since July 1993. He also served as honorary advisor of Hong Kong Retail Management Association,chairman of the Association of Better Business &Tourism Services and the Director of The Federation of Hong Kong Garment Manufacturers. [12]
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