Dickson Poon claims top business award | South China Morning Post
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  • Feb 28, 2015
  • Updated: 9:54pm

Dickson Poon

Dickson Concepts (International) is a Hong Kong listed company that is controlled by Dickson Poon, who is also executive chairman. It has held the distributorship of Polo and Ralph Lauren products in Asia for more than 20 years.

Dickson Poon claims top business award

PUBLISHED : Wednesday, 10 December, 1997, 12:00am
UPDATED : Wednesday, 10 December, 1997, 12:00am
 

Recent declines in the retail sector have not dented the confidence of this year's winner of the 'Businessman of the Year' award, Dickson Concepts (International) group executive chairman Dickson Poon.


At a ceremony held last night at the Marriott hotel by the sponsors of the awards, the South China Morning Post and DHL, Mr Poon said the group was pushing ahead with plans to open 100 new outlets in Hong Kong and abroad next year.


'In this year [1997] alone, we have secured significant region-wide franchise and distribution rights of leading international brand names in fashion and accessories from both the United States and continental Europe,' Mr Poon said.


'During the same period, a new Seibu store and more than 70 new boutiques and corners have been opened.


'With the benefit of Hong Kong's superb business infrastructure, Dickson Concepts shall continue to take advantage of business and investment opportunities in Hong Kong, the Far East and other major markets such as Europe and North America.' He said he was 'extremely honoured' to have been chosen for the award during a 'very meaningful and challenging year for everyone in Hong Kong'.


Dickson has signed a sales and purchase agreement to buy US retailer Barney's.


Earlier this week, duty-free group DFS, controlled by France's LVMH, said it was considering making a counter bid for Barney's.


Mr Poon said: 'All we know is DFS has expressed an interest in making an offer, but it has not made a firm offer yet.' If Dickson's offer is turned down, the Hong Kong-based retailer is likely to be paid a 'break-up fee of up to US$8 million'.


If the deal goes through, Barney's will be the fourth luxury retailing venture Dickson has bought, after Harvey Nichols, Dupont and Seibu.


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