Magazines Archives - 2007 February

HK Group Charts Major Growth Up North
Story 12

HONG KONG’S skin-care product firm Water Oasis Group has chalked major growth plans for China to capitalise on the rising yuan. It expects to gain from sourcing for products with US dollars and reselling them for yuan, CEO Salina Yu Lai-Si told local reporters.

The group will expand its 44 H2O Plus outlets in the mainland to 190 and double its Neutrogena sales counters to 80. It will also set up three spa-and-beauty centres, with the first, a 3,000sqf outlet, to be opened in Beijing in April. Shanghai, Guangzhou and Chengdu are also on its growth map.

CFO Ellis Cheng placed the outlay for the year between HK$10 million (US$1.28 million) and HK$15 million.

China is expected to account for 50% of the company’s turnover in two years, up from 30% now, said Yu. The group recently declared a profit of HK$13.6 million for the nine months to September 2006.


2007 February Stories:

HR & Training – Service Excellence
Secret to better service. Creating a more involved working environment

The Valiram Group Wins Bid To Manage Luxury Brands At Changi Airport

China Reports Healthy 2006 Sales Growth

Pantaloon Signs JV With US Retailer Of Office Supplies

E-Land To Sell Carrefour Stores In South Korea

Tesco To Beef Up Korean Presence

Pet Safari Opens Largest Store In Singapore

Baleno Malaysia Set To Multiply In-Base Stores By Next Year

Inditex Expands In Asia

s.Oliver Launches Into India With Leading Local Partner

Traditional Thai Retailers Face Imminent Shutdown Unless More Aid Is Given

Damas Taps India’s Emerging Gems Market

HK Group Charts Major Growth Up North

Marks & Spencer To Debut In Kolkata

Competition Expected To Fuel M&As In China

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