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  • August 22, 2014
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  1. 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 ...

  2. Business - Companies - INVESTMENT

    ParknShop solo sale scrapped

    Posted Oct 19th 2013, 03:12am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Li Ka-shing's Hutchison Whampoa says timing not right for deal, joins stablemate Cheung Kong in HK$9b property sale in Shanghai ParknShop solo sale scrapped Companies controlled by Asia's richest man, Hong Kong tycoon Li Ka-shing, said yesterday that they were selling a Shanghai property venture for HK$9 billion but that the ParknShop ...

  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 - 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 ...

  5. 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 ... retail giant Aeon. However, a source close to China Resources Enterprise earlier told the South China Morning Post that it was not keen on ParknShop. Leading Australian retailers Woolworths ...

  6. 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 ...

  7. 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 ...

  8. Business - Companies - EARNINGS

    China Resources, Tesco mull joint bid for ParknShop

    Posted Aug 22nd 2013, 12:00am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com China Resources, Tesco mull joint bid for ParknShop Tesco, Britain's largest retailer, may join forces with state-backed China Resources Enterprise to bid for ParknShop. Frank Lai Ni-hium, the chief financial officer of China Resources, said the two companies were "in discussion" that might lead to a possible joint bid ...

  9. Comment - Insight & Opinion - LEADER

    Possible sale of ParknShop affects all in Hong Kong

    Posted Jul 25th 2013, 12:00am by SCMP Editorial

    ... SCMP Editorial Rumblings in an empire affect all No business touches our lives as much as a supermarket - which means that tycoon Li Ka-shing's ParknShop chain, which holds ... ParknShop is, after all, only a small part of the Li family's business empire. Compared to other assets, its profit margins are low, especially when compared to the star performer of its retail ...

  10. Business - Companies - BUSINESS

    Hutchison Whampoa denies it plans to quit Hong Kong amid speculation over possible ParknShop sale

    Posted Jul 21st 2013, 12:00am by KANIS LI

    ... Li Ka-shing's group confirms strategic review of ParknShop amid speculation of US$2b sale, but dismisses rumours it is withdrawing from city Billionaire Li Ka-shing's conglomerate Hutchison Whampoa said yesterday it had no intention of withdrawing from Hong Kong, despite launching a review that could lead to the sale of its ParknShop supermarket chain. It said ...




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