https://www.scmp.com/rss/205762/feed Lifestyle International Holdings Ltd operates mid to upper-end department stores in Hong Kong and China. It owns two SOGO stores in Hong Kong -- the flagship store in Causeway Bay, which is the city’s largest department store, and the Tsim Sha Tsui store. It opened its first shopping mall in December 2010 in Tianjin in China. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Enoch Yiu Enoch Yiu The Securities and Futures Commission (SFC) has secured for the first time separate court orders in Hong Kong and the UK to freeze HK$4.3 million (US$552,948) in assets belonging to three alleged insider traders – including a former Hong Kong Exchanges and Clearing (HKEX) staffer – who have left the city. The city’s Court of First Instance granted a worldwide interim injunction order against the trio – former HKEX listing division staffer Chan Ching-wa and his relatives Lam Cho-man and Chau... https://www.scmp.com/business/companies/article/3344502/sfc-moves-freeze-assets-3-insider-traders-who-have-left-hong-kong?utm_source=rss_feed https://www.scmp.com/business/companies/article/3344502/sfc-moves-freeze-assets-3-insider-traders-who-have-left-hong-kong?utm_source=rss_feed Tue, 24 Feb 2026 23:30:14 +0000 Lifestyle International, which operates the popular Sogo department store in Hong Kong, will be delisted next month after independent shareholders accepted an offer by the chairman to buy out their shares, bringing the curtains down on its 18 years as a listed entity. Tycoon Thomas Lau Luen-hung’s HK$1.88 billion (US$239 million) move to privatise the company received 94.93 per cent of votes in favour while 5.07 per cent rejected it, the company said in a stock exchange filing on Monday. The... https://www.scmp.com/business/companies/article/3200481/sogo-department-store-operator-delist-december-shareholders-approve-tycoon-thomas-laus-privatisation?utm_source=rss_feed https://www.scmp.com/business/companies/article/3200481/sogo-department-store-operator-delist-december-shareholders-approve-tycoon-thomas-laus-privatisation?utm_source=rss_feed Tue, 22 Nov 2022 00:52:07 +0000 The chairman and majority shareholder of Lifestyle International Holdings, operator of Sogo department store in Hong Kong, plans to take the company private in a deal worth HK$1.88 billion (US$239 million). Thomas Lau Luen-hung, through his wholly-owned company Emerald Energy Holdings, made the privatisation proposal on August 1, according to a joint stock exchange filing on Sunday. Lau has offered to buy 376.8 million shares, or 25.09 per cent of the retailer he does not already own or control,... https://www.scmp.com/business/companies/article/3188038/head-hong-kong-retail-group-lifestyle-international-operator?utm_source=rss_feed https://www.scmp.com/business/companies/article/3188038/head-hong-kong-retail-group-lifestyle-international-operator?utm_source=rss_feed Sun, 07 Aug 2022 22:00:27 +0000 Lifestyle International Holdings, which operates Sogo department store, said the outlook for the rest of the year looks bleak after the Causeway Bay branch recorded a 4.8 per cent decline in sales in the first half, as protests reduced footfall by 3.7 per cent and mainland tourists spent less amid a slowing Chinese economy. “In June, the large scale protests and marches had a huge impact on consumer sentiment and the retail sector,” said Thomas Lau Luen-Hung, chairman of the group, said at a... https://www.scmp.com/business/companies/article/3022469/sogo-operator-worried-over-outlook-extradition-bill-protests?utm_source=rss_feed https://www.scmp.com/business/companies/article/3022469/sogo-operator-worried-over-outlook-extradition-bill-protests?utm_source=rss_feed Mon, 12 Aug 2019 10:53:24 +0000 A weakening yuan and possible slowdown in China’s economy could affect the spending of mainland tourists in the city in the second half of the year, Lifestyle International Holdings, the operator of the popular Sogo department stores, said in its outlook after profit plunged by nearly 50 per cent in the first six months on lower investment income. “It has been almost two months into the second half of the year and we see the growth momentum is still there despite the [yuan’s impact],” Thomas Lau... https://www.scmp.com/business/article/2159522/weakening-yuan-possible-china-slowdown-worry-sogo-store-operator-profit?utm_source=rss_feed https://www.scmp.com/business/article/2159522/weakening-yuan-possible-china-slowdown-worry-sogo-store-operator-profit?utm_source=rss_feed Mon, 13 Aug 2018 11:52:49 +0000 Lifestyle International Holdings, which owns Hong Kong’s largest department store, saw its net profit almost triple in the first half of 2017 on the back of strong investment income. The group, which operates the Sogo chain, reported net profit of HK$1.71 billion, or HK$1.07 per share, up 192.6 per cent from HK$587.0 million in the same period a year earlier. This was well above a Bloomberg analysts’ consensus which forecast profit of HK$1.76 billion for the whole year. Turnover, however, fell... https://www.scmp.com/business/companies/article/2105772/sogo-operators-profit-triples-strong-investment-income?utm_source=rss_feed https://www.scmp.com/business/companies/article/2105772/sogo-operators-profit-triples-strong-investment-income?utm_source=rss_feed Mon, 07 Aug 2017 06:53:37 +0000 Department store operator Lifestyle International is taking a cautious approach to its expansion on the mainland in the face of increased competition from online retailers and destination shopping malls there. "We are not looking to open 30 stores per year like a department store franchise," chief executive and managing director Thomas Lau Luen-hung said. "We want to be a self-built operator with a solid, loyal customer base." The operator of Sogo shops in Hong Kong and Jiuguang department... https://www.scmp.com/business/companies/article/1292944/lifestyle-international-expands-china-competes-online-retailers?utm_source=rss_feed https://www.scmp.com/business/companies/article/1292944/lifestyle-international-expands-china-competes-online-retailers?utm_source=rss_feed Mon, 29 Jul 2013 16:00:00 +0000 Buying by directors rose for a second week, based on filings on the exchange in the first week of December, with 27 companies that recorded 129 purchases worth HK$319.3 million. The figures were up from the previous week's 22 companies, 122 purchases and HK$87 million. The huge buy value was due to purchases by managing director Thomas Lau Luen-hung in department store operator Lifestyle International worth HK$259 million. Lau has been buying heavily since the last week of November with 18.18... https://www.scmp.com/business/article/1101748/heavy-purchases-lifestyle-director-thomas-lau-lead-buying-spree?utm_source=rss_feed https://www.scmp.com/business/article/1101748/heavy-purchases-lifestyle-director-thomas-lau-lead-buying-spree?utm_source=rss_feed Sun, 09 Dec 2012 16:00:00 +0000 Buying of their own company shares by directors was high for the first time in the past six weeks, with 22 companies reporting 122 purchases worth HK$87 million based on filings made to the stock exchange for the last week of November. The figures were up from the previous week's 21 companies that reported 85 purchases worth HK$34.2 million. Insider sales were high for the fourth straight week, with 13 companies reporting 90 disposals worth HK$56.2 million. The number of companies and trades... https://www.scmp.com/business/article/1095828/directors-make-rare-buys-share-purchases-hit-high?utm_source=rss_feed https://www.scmp.com/business/article/1095828/directors-make-rare-buys-share-purchases-hit-high?utm_source=rss_feed Sun, 02 Dec 2012 16:00:00 +0000 Hong Kong stocks are expected to open higher, boosted by financial players as China's state-run investment arm increases its holdings in Chinese banks to shore up investor confidence in the onshore market. Yet gains could be capped by growing concerns over the slowdown of the Chinese economy after the World Bank and the International Monetary Fund both cut their forecasts for the world's second largest economy. Overnight, the Standard & Poor's 500-stock index closed down 14.4 points, or 0.99 per... https://www.scmp.com/business/money/stock-talk/article/1057579/market-openhong-kong-stocks-seen-higher-huijin-continues?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/1057579/market-openhong-kong-stocks-seen-higher-huijin-continues?utm_source=rss_feed Wed, 10 Oct 2012 00:04:27 +0000 Shares of Lifestyle International Holdings rose strongly yesterday after the department store operator announced plans to explore a separate listing for its Hong Kong and mainland property business on the Hong Kong stock exchange. The operator of Hong Kong's Sogo and Shanghai's Jiuguang department stores said in a filing that the property investment and development business to be spun off was not intended to be used in the operation of its core department store business. It said the net asset... https://www.scmp.com/business/companies/article/1057361/lifestyle-shares-jump-spin-plans?utm_source=rss_feed https://www.scmp.com/business/companies/article/1057361/lifestyle-shares-jump-spin-plans?utm_source=rss_feed Tue, 09 Oct 2012 16:00:00 +0000 Department store operator Lifestyle International Holdings fell as much as 8 per cent yesterday after the company said its Sogo store in Tsim Sha Tsui would close down earlier than expected. The share price of Lifestyle International dropped 5.7 per cent to close at HK$16.82 yesterday, although the Hong Kong-based retailer said the store closure would have only a minor impact on the group's business. The benchmark Hang Seng Index rose 0.1 per cent yesterday. New World Development, the landlord... https://www.scmp.com/article/1008329/early-end-sogo-lease-hits-operators-shares?utm_source=rss_feed https://www.scmp.com/article/1008329/early-end-sogo-lease-hits-operators-shares?utm_source=rss_feed Wed, 01 Aug 2012 16:00:00 +0000 Lifestyle International Holdings' principal activity is the operation of lifestyle department stores and retail outlets. It focuses on the high-end department store format. As of December31, 2005, Lifestyle International operated its retailing business through two brand names, Sogo and Jiuguang. The Sogo department stores consist of the company's flagship department stores, Sogo CWB, in Causeway Bay, Hong Kong, and Tsim Sha Tsui, which feature a slightly different format that targets younger... https://www.scmp.com/article/640015/company-profile-lifestyle-international?utm_source=rss_feed https://www.scmp.com/article/640015/company-profile-lifestyle-international?utm_source=rss_feed Sun, 01 Jun 2008 16:00:00 +0000 Lifestyle International Holdings, one of Hong Kong's largest department store operators, said it would continue to expand across the border after posting 38.4 per cent profit growth last year with earnings exceeding HK$1 billion for the first time. Robust consumption locally and on the mainland raised earnings above expectations to HK$1.024 billion for the year ended December, from HK$740 million in the previous year. Sales, including concessionary income, jumped 22.6 per cent to HK$6.781... https://www.scmp.com/article/627869/lifestyle-targets-expansion-mainland-after-income-grows-38pc?utm_source=rss_feed https://www.scmp.com/article/627869/lifestyle-targets-expansion-mainland-after-income-grows-38pc?utm_source=rss_feed Wed, 27 Feb 2008 16:00:00 +0000 Lifestyle International Holdings, which operates Sogo stores in Hong Kong, will continue to expand aggressively in the mainland after earnings from its Shanghai shop helped boost first-half profit 40 per cent. Net income reached HK$427.12 million in the first six months of the year from HK$305.38 million a year ago. That beat BNP Paribas' estimate of earnings of HK$396 million. The Jiuguang store in Shanghai, which opened at the end of 2004, recorded an operating profit of HK$37 million in... https://www.scmp.com/article/603482/lifestyle-profit-shanghai-lift?utm_source=rss_feed https://www.scmp.com/article/603482/lifestyle-profit-shanghai-lift?utm_source=rss_feed Wed, 08 Aug 2007 16:00:00 +0000 Lifestyle International Holdings' principal activity is the operation of lifestyle department stores and retail outlets. It focuses on the high-end department store format. As of December31, 2005, Lifestyle International operated its retailing business through two brand names, Sogo and Jiuguang. The Sogo department stores consist of the company's flagship department store, Sogo CWB, in Causeway Bay, Hong Kong, and the Tsim Sha Tsui store, which features a slightly different format that targets... https://www.scmp.com/article/596297/company-profile-lifestyle-international-holdings?utm_source=rss_feed https://www.scmp.com/article/596297/company-profile-lifestyle-international-holdings?utm_source=rss_feed Sun, 10 Jun 2007 16:00:00 +0000 Sogo operator optimistic about Shanghai outlet as investment gains boost income by 37pc to HK$740m Lifestyle International Holdings, the operator of Sogo department stores, reported a better than expected 37.23 per cent rise in annual profit on higher investment gains and expects its Shanghai outlet to make a profit for the first time this year. Net profit jumped to HK$740.17 million, or 87.4 HK cents per share, for the year to December from HK$539.38 million, or 69.4 HK cents per share, a... https://www.scmp.com/article/583172/lifestyle-profit-beats-forecasts?utm_source=rss_feed https://www.scmp.com/article/583172/lifestyle-profit-beats-forecasts?utm_source=rss_feed Tue, 27 Feb 2007 16:00:00 +0000 Lifestyle International Holdings, operator of the Sogo department stores, is buying a site in Shenyang for 1.02 billion yuan and plans to develop it into a department store, according to a source. Hong Kong-listed Lifestyle won the 56,000 square metre Shenhe district site in a public auction, the source said yesterday. This is the company's second site purchase this month and the planned store will be the first such mainland project it plans to develop and finance on its own. Earlier this... https://www.scmp.com/article/576803/lifestyle-develop-shenyang-site-store?utm_source=rss_feed https://www.scmp.com/article/576803/lifestyle-develop-shenyang-site-store?utm_source=rss_feed Wed, 27 Dec 2006 16:00:00 +0000 Sogo operator takes 50pc of Suzhou mixed development in tandem with state enterprises Sogo department store operator Lifestyle International Holdings plans to take a 50 per cent stake in a proposed US$100 million Suzhou shopping centre and office project to be developed with the local government. It agreed to set up a joint venture with two government-owned firms to develop the shopping centre on a 53,192 square metre site and the office building on a 13,843 square metre plot. Lifestyle said... https://www.scmp.com/article/575154/lifestyle-us100m-venture?utm_source=rss_feed https://www.scmp.com/article/575154/lifestyle-us100m-venture?utm_source=rss_feed Mon, 11 Dec 2006 16:00:00 +0000 Lifestyle International Holdings has plans for a second Sogo department store in Tsim Sha Tsui, to take advantage of the expected influx of tourists visiting Hong Kong. Managing director Thomas Lau Luen-hung expects the $100 million store to return a profit in its first year of operation. He said Sogo was a favourite shopping draw among mainland tourists, who accounted for 25 per cent of Sogo's customer base. In February, Lifestyle leased 115,000 square feet of retail space in the Amazon... https://www.scmp.com/article/519430/sogo-tsim-sha-tsui?utm_source=rss_feed https://www.scmp.com/article/519430/sogo-tsim-sha-tsui?utm_source=rss_feed Thu, 06 Oct 2005 16:00:00 +0000 Speculation that department store operator Lifestyle International Holdings wants to buy Lane Crawford House in Central has analysts worried the move will drain its war chest, initially cut earnings and increase investor uncertainty. The owner of Sogo department store is said to have expressed keen interest in bidding for the 24-storey office-retail building in Queen's Road Central that is expected to fetch more than $2 billion. It is believed the tender, closing on Monday, has attracted 13... https://www.scmp.com/article/515368/sogo-plan-sparks-war-chest-fears?utm_source=rss_feed https://www.scmp.com/article/515368/sogo-plan-sparks-war-chest-fears?utm_source=rss_feed Wed, 07 Sep 2005 16:00:00 +0000 Department store owner aims to raise $982m to speed up its expansion plans Cash-rich Lifestyle International Holdings, owner of the Sogo department store, is to tap the equity market for up to $982.5 million, despite an investment climate dampened by soaring oil prices. With cash on hand of $1.4 billion as at June, analysts believe Lifestyle International plans to build up its reserves to speed up the expansion of its Sogo stores, in a bid to capitalise on the retail boom. Sources close to... https://www.scmp.com/article/514158/lifestyle-taps-market-expand-sogo-brand?utm_source=rss_feed https://www.scmp.com/article/514158/lifestyle-taps-market-expand-sogo-brand?utm_source=rss_feed Mon, 29 Aug 2005 16:00:00 +0000 Opening of second store underlines faith in concessionaire model as company posts 26pc growth in interim earnings Lifestyle International Holdings will open a second Sogo department store in Tsim Sha Tsui on September 30, taking advantage of an expected influx of tourists visiting Hong Kong Disneyland. Managing director Thomas Lau Luen-hung expects the $100 million store to return a profit in its first year of operation. He said Sogo was a favourite shopping draw among mainland tourists,... https://www.scmp.com/article/511574/lifestyle-bets-sogos-success?utm_source=rss_feed https://www.scmp.com/article/511574/lifestyle-bets-sogos-success?utm_source=rss_feed Tue, 09 Aug 2005 16:00:00 +0000