The Sogo department store in Causeway Bay. The company that operates it has seen sales slump amid a lack of tourists for the past three years. Photo: Jonathan Wong
The Sogo department store in Causeway Bay. The company that operates it has seen sales slump amid a lack of tourists for the past three years. Photo: Jonathan Wong

Sogo department store operator to delist in December as shareholders approve tycoon Thomas Lau’s privatisation offer

  • Nearly 95 per cent of independent shareholders voted in favour of Lifestyle International’s HK$1.88 billion (US$239 million) privatisation scheme
  • The company will be delisted on December 20, ending its stint as a listed entity after 18 years

The Sogo department store in Causeway Bay. The company that operates it has seen sales slump amid a lack of tourists for the past three years. Photo: Jonathan Wong
The Sogo department store in Causeway Bay. The company that operates it has seen sales slump amid a lack of tourists for the past three years. Photo: Jonathan Wong
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