A Hong Kong-listed educational group has completed the largest commercial property leasing deal so far this quarter, as the sector benefits from an influx of immigrant and expatriate families to the city, according to CBRE. The tenant agreed to occupy and transform the entire Tower B at the China Life Centre in Hung Hom, Kowloon…
Hong Kong football fans swapped their living rooms for shopping centres to watch the World Cup final, enjoying dim sum, snacks and milk tea as vendors set up pop-up stands beside giant screens. At around 3am on Monday, crowds filled all three floors of Tuen Mun Town Plaza for the match between Spain and Argentina….
CK Hutchison Holdings, one of the flagship companies of billionaire Li Ka-shing, has no plans to sell ParknShop in Hong Kong to one of its largest competitors, according to a senior executive of the supermarket chain’s owner and operator. “There is really no such plan to sell ParknShop,” said Dominic Lai, group co-managing director of…
Hong Kong’s smaller grocers are bracing for pressure amid a fresh wave of price cuts by supermarkets and big retail chains, but some economists say their “neighbourhood connection” could help them stay afloat. A lawmaker also said it was unlikely the big local chains would monopolise the market citing strong competition from online shopping platforms….
Hongkongers packed the aisles of supermarkets with carts full of daily necessities as the city’s major grocery chains engaged in what some were calling a “price war” ahead of Mother’s Day. Hong Kong’s two major supermarket chains, CK Hutchison Holdings-backed ParknShop and Jardine Matheson’s Wellcome, each offered 12 per cent off everything in their stores…
Hong Kong’s competition watchdog is closely monitoring a potential megadeal between the city’s two largest supermarket chains amid a continued decline in grocery sales since 2020. The Competition Commission told the South China Morning Post that it was aware of media reports about the potential merger. “The commission is aware of the relevant media reports…
A former property agent who left urine-contaminated soft drinks in several Hong Kong supermarkets has been spared jail after a court accepted that he deserved a second chance in light of his remorse and personal circumstances. Kowloon City Court on Tuesday adopted a probation officer’s recommendation to place retiree Franklin Lo Kim-ngai on probation for…
A former property agent has admitted planting urine-spiked soft drinks among other goods in supermarkets repeatedly for more than a year, telling a Hong Kong court he had developed depression since his divorce and retirement. Kowloon City Court heard that Franklin Lo Kim-ngai, 63, marked his discontent with supermarket staff by doctoring Coca-Cola Plus and…