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…
Jardine Matheson is giving up its remaining office space in FWD Tower at Taikoo Place and plans to relocate staff back to Jardine House in Central as part of operational consolidation, sources said. The group’s primary office at Jardine House, part of its own property portfolio, “is now undergoing renovations to create a modern workspace…
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…
For the boss of Hong Kong’s largest retail chain – which operates Wellcome, Mannings and 7-Eleven – the key to retaining customers is simple: ensure stores match prices in Shenzhen. DFI Retail Group, formerly known as Dairy Farm, has increased the number of countries it imports from to 54 from 26 over the last year,…
Hong Kong police have said they will pursue Cantopop singer Tommy Yuen Man-on “to the end” after he failed to appear in court to face a shoplifting charge. The force on Thursday condemned Yuen’s “shameful act” of fleeing Hong Kong to avoid facing justice, calling it a blatant challenge to the rule of law. “All…