Goldlion Holdings assistant general manager William Tsang Chi-hung has said the mainland-based retailer is contemplating the acquisition of some state-owned retailers.
He said yesterday the idea was prompted by Beijing's decision to reform decaying state-owned enterprises (SOEs) at the 15th party congress.
Mr Tsang said Goldlion would only consider 'good quality' SOEs with an extensive retailing network to complement its retailing, wine and cigarette business.
Assistant general manager Ricky Tsang Chi-ming, the brother of William Tsang, said the company was expanding into labels other than its menswear label, Goldlion.
The retailer recently secured a 10-year exclusive licence to distribute men's wear and accessories of Italian label Trussardi on the mainland and Hong Kong.
Ricky Tsang said the company planned to invest about HK$60 million in the next two years to set up four Trussardi outlets on the mainland and three in Hong Kong.