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  • September 17, 2014
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  1. News - Hong Kong - SHOPPING

    Tin Shui Wai market forces stall

    Posted Feb 02nd 2013, 12:00am by Jennifer Ngo

    ... Jennifer Ngo jennifer.ngo@scmp.com Hawkers' new trading space opens with much haste, little fanfare and even fewer customers Market forces stall in Tin Shui Wai Tin Shui Wai's new open-air hawker market opened yesterday- hastily and with little ...

  2. News - Hong Kong - RETAIL

    Grocery giants ParknShop, Wellcome accused of pressuring suppliers

    Posted Dec 20th 2013, 04:29am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Council says behaviour of Wellcome, ParknShop should be investigated as being anti-competitive Grocery giants pressuring suppliers: watchdog Supermarket giants ParknShop and Wellcome are keeping prices artificially high by pressuring suppliers not to sell to rivals who undercut them, the Consumer Council says. The council says the new Competition ...

  3. Business - Companies - MONITOR

    ParknShop merger will prove Hong Kong's competition law is a joke

    Posted Aug 23rd 2013, 12:00am by Tom Holland

    ... Tom Holland Regulations forbid industry players from conspiring to fix prices but there is nothing to prevent mergers that give market dominance ParknShop merger will prove HK's ... Enterprise confirmed it is bidding to acquire the ParknShop supermarket chain from Li Ka-shing's Hutchison Whampoa. ParknShop is a familiar sight in Hong Kong, with 286 stores in the city under ...

  4. Business - Companies - DISPOSALS

    Eight bids received for Li Ka-shing's ParknShop

    Posted Aug 17th 2013, 12:00am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Eight bids received for ParknShop Supermarket chain ParknShop has received eight bids, sources said. Li Ka-shing's ports-to-grocery conglomerate Hutchison ... cent The company said in a statement yesterday that "AS Watson is still conducting a strategic review of its supermarket retail business ParknShop" and that the subsidiary "has ...

  5. Business - Companies - RETAILING

    ParknShop to remain on expansion course

    Posted Aug 16th 2013, 12:00am by Charlotte So

    ... ParknShop to remain on expansion course Supermarket chain ParknShop will push ahead with plans to open 36 stores in Hong Kong this year despite a strategic review of the HK$22 billion business ... through a quasi-oligopoly." Yeo said the optimal number of net new store openings for ParknShop was nine to 10 a year, given the slow population growth in Hong Kong . The HK$1 billion ...

  6. Business - Companies - MONITOR

    ParknShop sale looks a solid deal for Hutch shareholders

    Posted Jul 23rd 2013, 12:00am by Tom Holland

    ... Ka-shing over the years, only for him scorn us like this. Reports that Li-controlled conglomerate Hutchison Whampoa is pondering the sale of its ParknShop supermarket chain triggered howls of media ... ahead and sell ParknShop. There is a solid case for offloading the chain. With 286 supermarkets in Hong Kong under brands ranging from Taste and Gourmet, to Great and Su-Pa-De-Pa, and a share ...

  7. Business - Companies - RETAILING

    KKR considers bidding for ParknShop chain

    Posted Aug 01st 2013, 12:00am by Bloomberg

    ... Bloomberg KKR considers bidding for ParknShop chain Private-equity firm KKR is evaluating a bid for the ParknShop supermarket chain, said two people with knowledge of the matter. KKR, which is talking to banks about financing for a potential deal, may decide not to make an offer, said the sources. ParknShop owner Hutchison Whampoa has asked potential buyers to submit bids ...

  8. News - Hong Kong - BUSINESS

    Li Ka-shing 'plans to sell ParknShop for US$2b'

    Posted Jul 20th 2013, 12:00am by NICK EDWARDS

    ... Li Ka-shing is reported to have hired the investment banks Goldman Sachs and Bank of America/Merrill Lynch to sell his ParknShop supermarket chain for as much as US$2 billion. The deal ... by the Post . Civic Party lawmaker Ronny Tong Ka-wah thought it was a good thing for Hutchison Whampoa to sell ParknShop. He said: "It is better to have a different owner for the supermarket ...

  9. Business - Money - RETAILING

    Tough market in store for ParknShop buyer

    Posted Jul 30th 2013, 12:00am by Ray Chan

    ... for ParknShop buyer Hong Kong's record property prices may mean a lucrative exit for Asia's "Superman" from the sale of ParknShop, but potential buyers will have to justify the high rental costs amid slowing growth in the city's mass-retail market. One observer says Li Ka-shing's ParknShop, with more than 345 outlets in Hong Kong, Macau and the mainland, needs ...

  10. News - Hong Kong - BUSINESS

    ParknShop staff complain of being made to move to new subsidiary

    Posted Jul 22nd 2013, 12:00am by JOLIE HO, NG KANG-CHUNG

    ... Employees of Li Ka-shing's supermarket chain issued letters for consent to transfer to new firm Some ParknShop employees have complained of being forced to agree to transfer to a new ... rival, Henry Tang Ying-yen, in last year's chief executive election. The Confederation of Trade Unions yesterday said it had received about 10 complaints from ParknShop workers hired under ...




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