Early Life
Kenneth Lo was born in October 1938, in mainland China. His family moved to Hong Kong when he was young, initially living in a refugee camp. At age 14, he began working in his parents' garment factory, where he learned the basics of the textile business. He is the eldest son of the late textile magnate Law Ting-pong and his brother is fellow billionaire Law Kar Po.
Rise to Success
In 1970, Kenneth Lo, along with his wife Yvonne, founded Crystal Group. Starting as a small sweater factory, the company expanded rapidly, producing garments for major brands such as H&M, Levi's, and Marks & Spencer. Lo's leadership and strategic vision propelled the company's growth, making it one of Asia's largest garment manufacturers. Lo stepped down from day-to-day operations in 2008 but remains involved with the company as Chairman.
Key Business Strategies
Crystal Group's success can be attributed to several key strategies. Firstly, Lo focused on building strong relationships with major global brands. Secondly, the company invested in diversified manufacturing locations across China and Southeast Asia to mitigate risks. The company currently has 80,000 employees across 20 manufacturing sites in five countries: Vietnam, China, Cambodia, Bangladesh and Sri Lanka. This geographic diversification has helped Crystal Group adapt to changing market conditions and trade regulations. Moreover, Kenneth Lo emphasized innovation in the textile industry, adapting to trends such as sportswear, intimate apparel and sweaters.
Philanthropy
Details of Kenneth Lo's specific philanthropic initiatives are not readily available. However, his commitment to his employees and their well-being suggests a broader philanthropic approach.