Company Expansion

Yata vows cheaper food after openings

Daniel Chong, right, chief executive of Yata, said prices of fresh foods at its supermarkets could go down a further 2 to 3 per cent. Photo: SCMP

Although department store chain Yata said it did not expect the yen to decline much more, Yata's chief executive, Daniel Chong Wai-chung, said prices of fresh and prepackaged food at its supermarkets could go down a further 2 to 3 per cent thanks to economies of scale.

Friday, 7 June, 2013, 3:46am

Park Hotel puts Hong Kong at heart of growth plans

Park Hotel chief executive Allen Law says oversupply has made the group cautious about the mainland hotel market. Photo: Edward Wong

Park Hotel Group, controlled by Law Kar-po, is expanding in the city 10 years after it bought the four-star Park Hotel in Tsim Sha Tsui at a bargain price during the Sars outbreak.

2 May 2013 - 3:47am

China Vanke follows rich Chinese to grow abroad

Yu Liang says Vanke wants to learn by partnering. Photo: Paul Yeung

Analysts are expecting more overseas expansion from China Vanke as the mainland's biggest developer prepares to branch out into Singapore, after tapping into the Hong Kong and San Francisco markets this year.

18 Apr 2013 - 5:33am

Fujian broker mulls Hong Kong float in expansion

The mainland share market has been on a bearish run for the past three years, shrinking the income of securities firms. Photo: Reuters

Industrial Securities, a medium-sized brokerage on the mainland, is considering a listing in Hong Kong as it follows bigger domestic rivals in exploring overseas markets.

12 Apr 2013 - 5:43am

Global brands pause as store sales growth slows on China

Six high-end global retail brands reportedly plan to open 50 outlets in the coming years. Photo: Bloomberg

Global brands have scaled back their expansion plans on the mainland due to slowing growth in retail sales.

10 Apr 2013 - 5:47am

Retailer to expand circle on mainland China

Chief executive Richard Yeung expects consumer sentiment to improve in the second half of this year. Photo: Dickson Lee

Convenience Retail Asia, operator of Circle K convenience stores and Saint Honore cake shops, is looking to double the number of Saint Honore outlets in Guangzhou and other surrounding cities to approximately 80 this year.

28 Mar 2013 - 6:31am

Cosco arm may dip toe into leasing

Cosco International, the trading wing of China Ocean Shipping Group, is considering a move into ship leasing. Photo: Bloomberg

Several banks, including ICBC and Standard Chartered, have launched ship leasing businesses where they retain ownership of vessels and charter them to operators at a daily rate, while the operator is responsible for repairs and crew costs.

21 Feb 2013 - 6:07am

ZTE aims to sharpen focus on US enterprise market

Xu Ming. Photo: Jonathan Wong

Shenzhen-based ZTE, the world's fifth-largest supplier of telecommunications equipment, expects to accomplish that expansion over the next few years after initially growing its new business segment across the Asia-Pacific region, South America and Africa.

12 Feb 2013 - 5:30am

Boosting DTZ's capabilities a goal for new chief Alva To Yu-hung

DTZ Hong Kong managing director Alva To Yu-hung, who is one of the best-known analysts in the local property industry. Photo: Nora Tam

Property analyst Alva To Yu-hung is using his personal insights gained from years of experience to strengthen the competitive ability of DTZ in the city following his appointment as managing director of the property consultancy's local operations last October.

6 Feb 2013 - 4:59am

Foreign expansion ambitions to boost China M&A

Sinopec spent US$2.5 billion on the acquisition of a Nigerian offshore project from French energy company Total last year. Photo: Bloomberg

China's merger and acquisition (M&A) activity is expected to rebound this year, driven mainly by the overseas expansion ambitions of privately owned companies in the retail and consumer goods sector, global accounting firm PricewaterhouseCoopers (PwC) said yesterday.

31 Jan 2013 - 5:20am

Li Ning falls on warning of big full-year losses

Listed retailer Li Ning is warning of a substantial full-year loss amid restructuring of the company's sales network. Photo: Bloomberg

Sportswear retailer Li Ning fell more than 5 per cent yesterday after forecasting a large full-year loss and announcing a 1.8 billion yuan (HK$2.2 billion) plan to restructure sales channels.

The Beijing-based company said in a filing yesterday that the profit this year would "have a rather substantial decline compared to the previous year".

18 Dec 2012 - 2:33am

Data hosting company follows the cloud

Illustration: Martin Megino

Rackspace Hosting has a fairly simple modus operandi: it leases space in data centres to host and help manage company websites and applications, such as e-mail.

15 Dec 2012 - 3:12am

PPR buys majority stake in jeweller Qeelin

Top luxury groups, apart from opening new stores in China, are acquiring promising local brands as a way to expand in the world's second-largest luxury market.

11 Dec 2012 - 2:55am

Retailer Stelux eyes dealmakers to turn around China business

Sales are expected to improve with a growing middle class, says Joseph Wong. Photo: K.Y. Cheng

Shares of Stelux Holdings, a Hong Kong-based retailer of mid-priced glasses and watches, climbed yesterday after the company chairman said he would bring in two heavyweight executives to turn around the company's performance in China.

4 Dec 2012 - 3:10am

L'Occitane on track to reach store expansion target

L'Occitane's sales grew 21.9 per cent in the first half. Photo: Bloomberg

L'Occitane International, a French cosmetics maker and retailer, is on track to reach its store expansion target this year despite slower global economic growth, as it reports a better-than-expected first-half profit growth.

28 Nov 2012 - 2:34am