csl’s Post

Pharm. Olu, your post highlights the importance of innovation and adaptability in today's fast-paced market. HMV's failure to pivot quickly enough serves as a cautionary tale for businesses. It's crucial to stay attuned to shifting consumer preferences and technological advancements to remain relevant. Great insight!

HKGCC General Committee Member 余鵬春 YU gave an inspiring talk in the latest instalment of our "Dialogue with the General Committee Series." As a second-generation family business leader at Yue Hwa Chinese Products Emporium Limited, Yu explained how the leading retail group has evolved to adapt to the changing market dynamics over its six-decade history, all the while remaining focused on offering Chinese and other quality products in Hong Kong. His recipe for success? Putting his heart into whatever opportunities come his way. Stay tuned for the next chat in the series – coming soon! #hkgcc #hongkong #hongkongbusiness #retailmarket #businessleaders

It makes sense for HKL to go upmarket to attract the ultra high end market to its mall in Central as HK is still full of ultra rich while the middle class has thinned out due to emigration or to shop north of the border This is particularly so during the winter months when the HKers fly back from Vancouver, Toronto & London to HK & they want to catch up over lunch or dinner, it is usually so difficult to book the high end restaurants in Central. Hongkong Land, the venerable property developer, has unveiled plans for a staggering US$1 billion renovation of its iconic Landmark complex, signalling a decisive pivot towards the ultra-high-end market. This bold move, while potentially lucrative, raises profound questions about the future of retail in one of Asia’s premier financial hubs and the broader implications for Hong Kong’s social fabric. #hongkong https://lnkd.in/gcQ7vC_d

Do you want to take a look of how our newly opened Hong Kong West Service Centre operates? Let's watch this video to take a glimpse! #DHL #DHLProcurement #yellowunited #ConnectingPeopleImprovingLives #dhlhongkong

The recent changes in Hong Kong's retail scene are a telling sign of the challenges facing Hong Kong's small and medium-sized enterprises (SMEs). As many traditional shops close down, 'experiential stores' like claw machine arcades and selfie shops are popping up across prime commercial areas. Dr. Vera Yuen, lecturer of Economics at HKU Business School, notes that the wave of emigration in recent years has greatly affected the purchasing power of Hong Kong residents, with middle-class families with strong spending power leaving the city. Additionally, the rise of online shopping and the tendency of Hong Kong residents to shop and dine across the border have contributed to the closure of physical stores. Learn More: https://sc.mp/gyi8e Photo: Sun Yeung @ South China Morning Post SCMP #HKUBusinessSchool #HongKongRetail #SMEChallenges

HKRMA - Voice of Hong Kong Retail A great event with a mix of ecosystem specialists, generously sharing ideas and strategies on how to leverage opportunities in the changing retail environment. A quick recap of 3 topics I have discussed in the panel : 1) a focus on customisation and experiential retail, niche brands, 2) Halal food and products a growing business opportunity (food US$1403B, fashion US$318B, cosmetic US$84B according to Global Islamic Economy Report) 3)Promote the favorable business environment in HK which can help retailers manage costs and risks. Bond Law Sindy Wong Cherlane K. Angela Cheung Arthur Yu Jimmy Chiang Wendy Lee Kazuko Hamakawa Young Ho Seo Ninad Parkar Ashish Mehta Daisy I. Mark Hedley Mabel Lee Noofal Shahin Maha Azmy Stefano De Paoli Paula Kant Fernando de la Cal González Wing Hin Chung Leonid Orlov Ranjit Unnithan Lawrence Tang Thiago Cruz Silveira Veronica Medina Melvin Lee Andy Hermanto Hillwan Yogi B. Dr. Luca De Leonardis #investhk #hkrma #retail #shopping #brands #hongkong

Tobias Wasmuht, CEO of SPAR International, said at the CCFA 2024 China International Retail Innovation Conference in Shanghai that the SPAR Brand has experienced 20 years of opportunities and challenges in China. In the face of challenges such as labour shortages, rising labour costs and rapidly changing consumer demand, the SPAR network has continuously improved its operational efficiency and customer shopping experience by introducing modern merchandise display standards, strengthening the sales strategy of quantity and low price, providing high-standard professional services and optimising the supply chain. The SPAR licensed organisations invest for long-term development of the network in the future. The SPAR Brand has been developing in China for 20 years. Our philosophy is to collaborate through sharing knowledge, skills and experience with all licensed partners, continuing to work together and benefit together. #SPAR #BetterTogether #China #CCFA

Hong Kong's retail and F&B industries are being hit by closures ever since the end of covid. I spoke with Benjamin Quinlan, Patrick Wong, CFA, FRICS, Olivier Caisson of Pastis Group and Legco member Tommy Cheung to find out more about the headwinds Hong Kong is facing. One part that didn't make it into this story from Patrick was that there is the possibility that with cheaper rents, cost of living and high speed trains, people could soon just commute into Hong Kong in the future. Link to the full story in comments #Hongkong #Retail #F&B #property #GBA #economy

Mini storage pioneer #HongkongStorage leverages #HKTDC’s extensive network and support in the #GreaterBayArea (GBA) to establish its first office in Qianhai, bringing Hong Kong's expertise in storage and management to the region. With the support of the #GoGBA team, the company is working towards establishing a strong presence in the GBA, with plans to expand further into Guangzhou and Zhuhai. Stay informed about the latest policy and market updates, access free cross-border business tools, and more through the HKTDC's GoGBA platform (go-gba.com) and GoGBA WeChat Mini-program.

Philip Hu, founding member and Managing Director of Primavera Capital, recently shared insights on value creation in portfolio management during a panel discussion at Asian Venture Capital Journal (AVCJ) Private Equity Forum 2024.   He discussed three core strategies that drive Primavera's value creation, which allow Primavera to leverage expertise and capabilities from one part of the business to drive improvements in another:   1️⃣Harnessing synergies across its private equity, venture, and credit strategies 2️⃣Fostering strong leadership teams and encouraging adaptation to market trends within portfolio companies 3️⃣Facilitating strategic partnerships between portfolio companies   Additionally, Philip highlighted Primavera Venture Partners' commitment to supporting innovative companies in AI, healthcare, and energy transition.   In light of the macroeconomic issues facing the Chinese market, Philip echoed Primavera founder Fred Hu's optimism from the recent Fortune Global Forum. He anticipates additional government stimulus to boost demand.   Overall, the panelists underscored the importance of nimbleness in portfolio management, emphasizing the need to create value throughout the entire investment lifecycle.   #AVCJ #AVCJ2024 #PrivateEquity #ValueCreation #PortfolioManagement #Innovation #DigitalTransformation #AI #InvestmentStrategy