All Hong Kong articles – Page 3
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News
AS Watson total revenues down 2%
Total revenues at Hutchison Whampoa’s AS Watson retail division shrank 2% to HK$116.09bn (£9.81bn) for the 2009 full year, but climbed 5% on a constant currency basis.However, EBIT soared 30% to HK$5.69bn (£480.7m) due to continued improvement in costs, operational efficiency and cautious expansion. AS Watson plans to double its ...
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News
Deal between Suning and Citicall Retail Management
Suning, one of the leading electrical appliance retailers in China, has struck a deal to buy Hong Kong-based Citicall Retail Management for $4.5m (£2.76m), sources reported. Suning is due to complete its takeover of Citicall Retail Management by March. The Shenzhen-listed enterprise wants to extend its presence in Hong Kong ...
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News
China Resources Enterprise posted a 9.6% turnover increase
Grocer China Resources Enterprise posted a 9.6% turnover increase to HK$18.98bn (£1.5bn) at its retail division for the first half ending June 30, although profit attributable to shareholders fell 27.7% to HK$276m (£21.8m).Managing director Chen Lang said: “We will continue to focus on our core businesses in order to solidify ...
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NewsJaeger to make Hong Kong debut
Fashion retailer Jaeger is extending its international reach with plans for its first Hong Kong opening in September.
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News
Esprit profit hits £142m
International fashion group Esprit reported full-year net profit of HK$2 billion (£142 million) on turnover of HK$16.4 billion (£1.17 billion).
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