Category: Fashion

Retail News Asia is committed to providing both local and global retailers with the latest Fashion news throughout the Asian market. This on a daily base.

  • LVMH looks to innovation to boost struggling Asia travel retail

    LVMH looks to innovation to boost struggling Asia travel retail

    In its annual report, the luxury giant has said that it came up against a combination of unfavorable political and economic factors in the region, though it enjoyed a boost from Chinese tourist spending in Japan.

    “DFS continues to experience an uncertain environment in Asia as a result of currency and geopolitical changes,” the company stated, noting that its sales growth in the face of this has been due to innovation within its retail spaces.

    “DFS drew on its unique expertise and its enormous capacity for innovation to develop its offering.”

    LVMH called out key examples from within its portfolio as evidence of this innovation, including its T Beauty concept: a standalone luxury beauty store which focuses on offering an interactive retail experience, and was launched last year in both Singapore and Hong Kong.

    Interactive luxury

    Through its T Beauty retail concept, the brand says it can offer consumers the “innovative, personalised approach to the beauty shopping experience” which is increasingly demanded by beauty consumers.

    Euromonitor International, a market research firm, recently suggested this demand is being especially fuelled by younger consumer groups, as millennials in particular seek out “a curated but interactive sales environment, whether retail or online.”

    “Personalisation and interactivity is important in beauty care for millennials,” Euromonitor asserted, and LVMH’s T Beauty concept meets these consumer demands via two key services: the store’s Beauty Station, and its Beauty Concierge.

    Beauty Station allows customers to sample, mix and match products across a wide range of brands, and its Beauty Concierge service offers a complimentary, personalised retail experience that focuses on an individual customer’s specific preferences.

    DFS’s determination to continue innovating in the retail space will serve it well as it reportedly looks to begin expanding across Europe in the coming months, where retail interactivity is also highly sought-after in the consumer experience.

  • Lotte launches Paul & Shark in Korea

    Lotte launches Paul & Shark in Korea

    Italian lifestyle brand, Paul & Shark, has opened its first boutique in South Korea, at Incheon International Airport (ICN) in partnership with Lotte Duty Free – with a further two on the way.

    Commenting on the mid- December opening: Catherine Bonelli, Global Travel Retail Director at the brand, says: “This store makes a wonderful first step into the South Korean travel retail market for Paul & Shark.”

    “In the first quarter of 2016 another two openings are planned in Seoul, which will truly cement Paul & Shark’s presence in Korean travel retail. I would like to thank Lotte Duty Free for their support with the opening of this new store, which looks amazing.”

  • Downturn won’t dent H&M China confidence

    Downturn won’t dent H&M China confidence

    Despite feeling the pinch from an economic slowdown in China, Swedish fashion giant Hennes & Mauritz (H&M) says it plans to continue to bet big on the country.

    It blames an 11 per cent drop in quarterly net profit on adverse currency swings and mild November weather across several divisions, especially H&M China.

    This fell to 5.53 billion Swedish kronor (US$649 million) for the three months to November 30 from 6.22 billion kronor for the same period a year earlier. Revenue grew 14 per cent to 56.5 billion kronor in the fiscal quarter from 49.7 billion kronor. Excluding value-added tax, sales totaled 48.7 billion kronor.

    While acknowledging that sales growth in China has slowed dramatically – coming in a 4 per cent in local currencies for the quarter compared with 34 per cent – CEO Karl-Johan Persson says his faith in the country’s long-term prospect is unshaken.

    “We will open most new stores in China this year,” he says. The company plans 425 new stores globally in the fiscal year, with China and the US its main expansion markets.

    Persson says his confidence in China is based on the belief that the country will gradually pivot toward a consumer-driven economy, creating vast opportunities for retailers.

    Affluent shoppers 35 years and younger as well as internet users are still propelling the consumer market there, which is expected to jump to $6.5 trillion in sales by 2020, an increase of 54 per cent from last year, according to the Boston Consulting Group.

    H&M also plans to continue online expansion, with plans to open online stores in Japan and in eight other markets this year.

    The group’s gross margin has slipped to 57.5 per cent from 60.4 per cent, mainly because of the stronger dollar. H&M sources most of its clothes in Asia, where it pays in dollars.

  • Asia drives Jimmy Choo sales

    Asia drives Jimmy Choo sales

    Shoe label Jimmy Choo has reported a 7 per cent increase in 2015 sales – all on the back of strong Asian growth.

    The British-based shoemaker, which has been actively increasing its Asian footprint during the past year,  said it remains “confident” it can grow even faster in the market despite the slowdown in China’s economy.

    While a large share of the growth has come from Japan, the company says it does not expect a slowdown in China to affect its performance.

    Men’s footwear was the fastest growing category in the last quarter, but it still accounts for just 7 per cent of Jimmy Choo sales.

    The company’s net revenue rose 7 per cent to £318 million. Retail sales rose 9 per cent to £208million, while wholesale sales rose one per cent to £100 million on a constant currency basis.

    “Jimmy Choo continues to outpace the sector despite the challenging competitive environment,” said chairman Peter Hard.

    “The company successfully reversed the first half decline in wholesale revenues and is on track with growth forecasts in Asia and Japan where brand awareness continues to grow strongly.”

  • Ofee jewellery enters Asia

    Ofee jewellery enters Asia

    Established in 2006, French jewellery brand Ofee has launched its first boutique store for Asia, in Hong Kong.

    Ofee Earring Bar - Hong Kong boutique

    Featuring gold and diamond creations, the store has more than 30 outlets in its home country. The opening of its flagship store in Causeway Bay was attended by its designer and founder, Anne Bougon-Scelo, who built the brand alongside Valerie de Mazieres, who has a background in interior design.

    Ofee Hong Kong - Grace and Anne

    Bringing a touch of Paris to Hong Kong, the store has a facade of charcoal grey with white moulding. A feature is an earring bar where women can buy single earrings rather than pairs, offering up to 8000 potential combinations.

    Ofee Hong Kong - jewelry

    Often encrusted with pure white diamond, Ofee jewellery uses 18-carat gold in four rare colours: yellow, rose, white and black.

    Ofee has 50 retail outlets worldwide.

  • H&M Mong Kok flagship opens doors

    H&M Mong Kok flagship opens doors

    Fashion fans formed a queue outside the new H&M Mong Kok flagship store before it opened its doors for the first time on Friday.

    H&M Gala Place Mongkok HK-Ribbon Cutting - Fish Chan, Magnus Olsson, Anna Rathsmann (Left To Right)

    And as our photos show, it’s an eye-catching design for the fast fashion giant.

    H&M Gala Place Mongkok HK-Ladies Department (1)

    H&M Gala Place Mongkok HK-Ladies Department (2)

    Staff members of the Hennes & Mauritz store gathered outside to welcome the early visitors, who applauded as Greater China country manager Magnus Olsson cut the ribbon to open the 3700 sqm store. In attendance were regional sales manager for Hong Kong, Taiwan and Macau, Anna Rathsmann, and Gala Place Mong Kok store manager Fish Chan.

    H&M Gala Place Mongkok HK-Ladies Department - Divided

    To mark the grand opening, the three-level H&M Mong Kok store’s opening hours have been extended from 10am until midnight on Friday, and 11am until midnight on Saturday and Sunday. Normal hours (11am-11pm seven days a week) resume from Monday.

    H&M Gala Place Mongkok HK-Mens Department

    H&M Gala Place Mongkok HK -Kids Department (1)

    The second and largest H&M home store for Hong Kong, if offers not only clothing but also Scandinavian-designed homewares such as bed linen, tableware, cushions and decorations.

    H&M Gala Place Mong Kok Flagship Store-Home Department (1)

    H&M Gala Place Mong Kok Flagship Store-Home Department (2)

    The first 100 customers in the queue on Friday were awarded a HKD100 ($12.85) H&M gift card and a limited-edition giveaway.

  • Lush ends ‘exceptional’ year

    Lush ends ‘exceptional’ year

    Ethical cosmetic brand Lush has reported exceptional results for their 2014-15 financial year, with brand sales accelerating 26 per cent to £574 million.

    Strong like-for-like growth of 22 per cent has been achieved via the combination of its store estate and digital outlet, driving sales growth of 21.4 per cent and 27.8 per cent respectively. Despite Lush’s sales growth, profit figures were negatively influenced by currency volatility, particularly in Brazil – profit before tax dropped £900,000 on last year. Further dampening profits, exceptional costs in Japan heavily impacted group operating profit, plummeting by £9.2 million on last year.

    Store portfolio management remains a key focus of its strategic initiative, focusing on prime sites with larger selling space. The brand increased its store numbers to 933 in the financial year, having opened 93 shops and closed 58 throughout the year – UK current store numbers stand at 106, including its 9500 sqft flagship on Oxford St which opened in April 2015. Striving for higher turnover and basket sizes, 115 of its stores now have the ability to generate annual sales of over £1m, a 46 per cent increase in two years.

    Lush’s triumph stems from the growing number of consumers requiring cruelty-free and sustainably sourced cosmetics and skincare, which is in-turn enhanced by Lush’s capability in ensuring its staff can offer a high level of product knowledge and customer service in store.

    Lush has a way to go before reaching its 25 per cent online penetration rate, having increased marginally by 0.1 per cent to 8 per cent in its full year 2015-16, marginally outperforming the UK health & beauty market in 2015 estimated at 7 per cent. Online growth is far more challenging compared to sectors such as clothing, with lower prices and the essential nature of products driving traffic to stores, while consumers also like the instore experience and customer service element – especially in skincare items.

    While its two largest markets, US and UK, experienced resilient like-for-like growth of 37.2 per cent and 38.8 per cent respectively, its performance in Japan continued to disappoint at -11.2 per cent for the full year, with its turnaround remaining Lush’s greatest challenge. However, group sales for Q1 2015-16 have continued with an outstanding performance in both physical and digital outlets, up 21.7 per cent and 26.5 per cent, demonstrating the brand’s growing appeal among its loyal shoppers and strength in acquiring new customers.

  • Christian Dior opens its largest boutique in China

    Christian Dior opens its largest boutique in China

    Designed by American architect Peter Marino, the two-level store reflects the timeless elegance of Dior, with a double-layer glass façade that emulates the iconic “cannage” motif of the couture house. Inside, the refined atmosphere is enhanced by wall art and designer pieces, part of a curated selection of a dozen contemporary art pieces.

    To celebrate the opening of the Dior Beijing China World flagship, the House presented its Spring-Summer 2016 collection at a runway show in a sumptuous blue-hued setting at the Phoenix Center. The show was attended by Christian Dior Couture CEO Sydney Toledano and A-list Chinese celebrities and artists.

    Christian Dior opens its largest boutique in China
  • Uniqlo look to Muslim market

    Uniqlo look to Muslim market

    Amid the rows of blue jeans lining the walls of apparel chain Uniqlo are headscarves, baju kurung and kebaya – part of the Japanese retailer’s new section that caters mainly to Muslim shoppers.

    While these garments are usually sold at niche stores in Geylang Serai and Kampong Glam, they can now be found at Uniqlo stores in town or at neighbourhood centres.

    Uniqlo is one of the first mainstream retailers here to turn its focus to the Muslim market.

    The current selection is the second collection launched by Uniqlo following a successful initial run last July. The range is carried at five of its outlets – 313@Somerset, Causeway Point, Jem, One KM and Suntec City Mall – and its website.

    Another retailer that has jumped on the bandwagon is Singapore- based online store Zalora. Each month, it introduces about 50 to 60 products such as long and flowy tops and dresses under its “Zalia” collection. Managing director Dione Song described these as “trendy yet modest” pieces.

    The budding trend here mirrors the global boom in Islamic fashion in recent years. Muslims across the globe spent $266 billion on clothing in 2013 – more than the combined spending in Japan and Italy on fashion. This is set to almost double to $484 billion by 2019.

    Observers say the market potential here is large, with 15 per cent of the resident population being Muslims. Also, unlike certain ethnic or cultural wear that is seasonal, such as the cheongsam, this clothing is everyday wear for a substantial proportion of Muslim women.

    Uniqlo said that it is discussing expansion plans for upcoming fashion seasons. It “acknowledges that there is a need among the markets where we are present for stylish and comfortable modest wear”.

    The collection is also retailing in Malaysia, Indonesia and Thailand.

    There is yet to be a major international clothing brand for Muslim wear, but over the past two years brands such as DKNY, Tommy Hilfiger, Zara and Mango have started to offer Muslim-oriented collections in their Middle Eastern stores.

    Major retailers here like H&M, Topshop, Topman and Dorothy Perkins say they have not rolled out any cultural or religious products.

    Although many here have welcomed the greater diversity of choice for consumers, a handful of netizens have voiced their displeasure about Uniqlo’s sale of religious and ethnic wear.

    Associate Professor Ang Swee Hoon of the National University of Singapore’s business school said a secular chain offering religious wear could raise eyebrows.

    But Ustaz Firdaus Yahya, manager of an Islamic learning centre, said it “reflects their acknowledgement of diversity, and those who do not welcome it may be ignorant or have their own personal bias”.

    Prof Ang said it is a good move for Uniqlo to offer its technology to a larger market. Its hijab and headband, for instance, are made of the Airism fabric that wicks away moisture and has odour elimination, anti- bacterial and cooling functions.

    Editor Karimah Samsudin, 26, who owns a Uniqlo scarf, said: “It is good for mainstream brands to offer such attire because it is hard for us to find clothes that are not revealing or tight and clingy.”

    Singapore Polytechnic senior retail lecturer Sarah Lim said the sale of such clothing should not remain niche, a view retailers agree with.

    Zalora noted that although Zalia was launched to meet an increase in demand for modern ethnic wear, non-Muslim customers have also snapped up pieces from the range.

    Ms Song said: “The creation of Zalia was a natural inclination to offer stylish choices not just for the Malay-Muslim community but also to provide shoppers with modest, trendy alternatives.”

  • Siam Paragon innovative strategy to bait customer

    Siam Paragon innovative strategy to bait customer

    Discounts of up to 80 per cent and a chance to win prizes – including gold bullion – are key elements in a Chinese New Year campaign at Siam Paragon and Siam Center in Bangkok.

    Running from February 3 to March 13, the Siam Prosperous Chinese New Year 2016 campaign is offering 7.5 million baht ($200,000) in prizes for lucky shoppers. The aim of the event is to attract both locals and international tourists to the two malls, which feature fashion and lifestyle brands.

    A feature of the campaign is a free daily performance of The Magic of Seven Animals of the Gods by Hong Kong performance troupe Lok Chee Fu, at the Parc Paragon events space, where the celebrations will be officially launched on February 4.

    Marketing executive Chanisa Kwewruen of Siam Piwat, which runs the two centres, says the annual festival attracts more tourists each year, especially from China, Hong Kong, Singapore, South Korea and Taiwan.

    Chanisa Kaewruen, Deputy Managin ... am Piwat (center) and model

     

    “Tourists of Chinese descent comprise nearly 50 per cent of the foreign tourists who visit the two shopping centres.

    “Also, this Chinese New Year marks the first time the ASEAN Economic Community is officially involved.”

    Shoppers will receive a lucky-draw coupon for every 2000 baht they spend. The main prizes at stake include gold bullion worth 1 million baht (one winner), a model of the Royal Barge Suphannahongmade of 99.9 per cent yellow gold by Prima Art (two winners) and eight propitious trees made of 99.9 per cent yellow gold by Prima Art (20 winners). The 24 top spenders of the week will each win a 100,000-baht treatment from The Scarlett Clinic.

    Privileges are also offered for holders of participating credit cards.

    Meanwhile, the Siam Chinese New Year Sale from February 3 to 14 offers discounts of up to 80 per cent on leading brands. Special Siam Ang Pao (also known as Siam red envelopes) are also given away to shoppers from February 6 to 8, enabling them to win gift vouchers and discount cards.

    Ten Siam Paragon customers who spend 300,000 baht on February 8 will each receive a TWG hamper worth 10,000 baht.

  • H&M expected to account for 10 per cent of Hang Lung Properties

    H&M expected to account for 10 per cent of Hang Lung Properties

    Fast fashion chain H&M is estimated to contribute 10 per cent of Hang Lung Properties’ rental income in Hong Kong this year but the developer faces a decline in retail rents in the mainland.

    The US investment bank estimated the developer’s rental income in Hong Kong would edge up 4 per cent to HK$3.7 billion this year.

    H&M alone would boost Hang Lung Hong Kong rental income by 3 per cent, it said.

    The Swedish fast fashion chain opened two outlets at two shopping malls owned by Hang Lung Properties in three months.

    The chain opened its largest flagship store in Asia, with shop area of 47,000 square feet, at Hang Lung Centre in Causeway Bay at a monthly rent of HK$11 million, or HK$213 per square foot in early November, according to market sources.

    The chain also opened a 55,000 square feet shop at Gala Plaza in Mong Kok in January at an estimated monthly rent of HK$9 million, or HK$194 per sq ft, people familiar with the deal say.

    However, the developer, which owns eight shopping malls on the mainland, would see its retail rental on the mainland fall 7.3 per cent from last year to HK$3.88 billion this year, Morgan Stanley said. It owns shopping malls in Shanghai, Shenyang, Wuxi, Dalian, Tianjin and Jinan.

    Morgan Stanley attributed the fall in mainland rental income to negative rental reversions in second-tier malls and said renovation of Hang Lung’s two Shanghai malls could affect sales.

    In Shanghai, renovation at Plaza 66 started in September and is scheduled for completion by mid-2017, while Grand Gateway 66 will start refurbishment later this year.

    “The two Shanghai malls accounted for 50 per cent of mainland rental income in the financial year 2015,” Morgan Stanley said in a report.

    No new mall opening until 2018 would also affect short-term revenues and earings per share growth.

    The next mall due to open will be Spring City 66 in Kunming, which is scheduled for completion in 2018.

    In addition, rental income at Forum 66 in Shenyang fell 21 per cent year on year in the second half of 2015 and Center 66 Wuxi registered a fall of 37 per cent.

    Both malls saw negative rental reversion and retail sales declined 3 per cent year on year , it said.

    Morgan Stanley said it expected Hang Lung Properties’ core earnings would fall 6.6 per cent to HK$4.09 billion this year.

  • H&M Conscious Foundation 2015 Gift Card Holiday campaign raised 4,9 million

    H&M Conscious Foundation 2015 Gift Card Holiday campaign raised 4,9 million

    The Gift Card Holiday campaign 2015 is now completed and thanks to our customers, the donation amounted to a total of €4,9 million! This donation from the H&M Conscious Foundation will go to a program run by UNICEF and will benefit 480,000 marginalized and vulnerable children, aged 5-14 in Myanmar. These children will get increased access to school and improved quality of education.

    “This fantastic result would never have been achieved without the substantial engagement of H&M customers! Through a simple mean; the purchase of a gift card, we will be able to give 480,000 vulnerable children a better future. It shows that small means certainly can take you far!”, says Diana Amini, Global Manager of H&M Conscious Foundation.

    The program includes children in formal schooling, children living in camps for internally displaced people and children who will be reached through non-formal education initiatives. UNICEF will work on multiple levels to influence changes in policy, in education management and in schools and communities. Children, parents, teachers, head masters and policy makers will be involved in creating better schools for children.

  • Pranda Group expands in Vietnam and Indonesia

    Pranda Group expands in Vietnam and Indonesia

    Reporting from Pranda Group, the progress of its retail business expansion throughout the year 2015 in Vietnam and Indonesia; the country members of AEC has strengthened PRIMA GOLD brand by creating impressive experience to the target customers such as product perception, marketing activities, brand reinforcement, etc. Particularly in Vietnam, the marketing activities using brand ambassador made the output in Vietnam meet the company’s target. Moreover, Pranda Vietnam Retail recently increased new branches “Lotte Center” and “Vincom Center Nguyen Chi Thanh” in Hanoy to support the needs of consumers as well as extended distribution channels especially in the economic center of Vietnam. Presently, there are 8 branches located in the shopping malls of economic cities covering 5 branches in Ho Chi Minh and 3 branches in Hanoy.

    In 2016, the Company plans to expand one more branch at Saigon Center Department Store in Ho Chi Minh City, as  new Department Style of Viet Nam that the mix between the Plaza and Takashimaya from Japan. Over 57 square mates, Prima Gold sets a goal to make the Flagship store to create brand experiences and support to consumer needs.

    For the retail business in Vietnam where the rate of economic growth is attractive among AEC, Pranda Marketing Indonesia plan to increase channel and to expand its retail business in various brands. Recently, a new branch managed by Central Thailand in cooperation with PT Grand Indonesia was officially opened in Central Grand Indonesia. Pranda Marketing Indonesia aims to push forward PRIMA GOLD and Julia Brand to support consumers’ needs which have increasingly purchasing power. Currently, PRIMA GOLD has 3 branches, Julia 19 branches, and Lovelinks 8 branches. By the year 2016, the Company plan to expand 4 more PRIMA GOLD branches and 20 more Julia branches in order to accommodate a growing customer base and future growth.

    Pranda Group plan to expand in Asian jewelry market for leading to AEC 2016. The company is clearly to aim and extend to the retail network of Asian Economic Community or AEC. That integrates market to be a center of the region. Certainly, it will have a population more than 600 million people in this market. Pranda Group has consider in this market that sufficient to forward product, service, labor and open free market investment in this year. This is a chance to push forward ours brand to be recognized and opportunity to build our retail marketing channel to grow up.

  • Philosophy to work skincare miracles in Asia

    Philosophy to work skincare miracles in Asia

    Coty-owned skincare brand, Philosophy, has launched the new Ultimate Miracle Worker collection of products, which include ‘multi-rejuvenating’ day and night creams, a lightweight emulsion and an eye cream.

    The new products will hit travel retail counters in Asia Pacific in April.

    The Ultimate Miracle Worker night and eye creams are said to make the skin firmer, smoother and more radiant, with less-visible wrinkles and pores.

    The ingredients contain
    a ‘high performance’ bi-retinoid and anti-ageing active plant cells from the iris flower that is said to stimulate skin regeneration, while helping your skin rebuild its natural collagen.

    The serum is contained in “a patented ‘mix-in pearl’ delivery system that enables us to protect the active ingredient until first use for maximum skin performance,” says Coty.

    The nourishing creams ‘high performance’ bi-retinoid boasts release technology helping deliver active and stable retinol directly to skin cells.
    For enhanced nighttime repair the Ultimate Miracle Worker Night product contains a 2x more concentrated dose of active plant cell then our Ultimate Miracle Worker products for daytime use.

    Muriel Pujos, head of scientific communication at philosophy comments: “80% of the signs of ageing can be attributed to the environment, particularly the sun.

    “The sun’s spectrum is a continuum of UV rays, visible light and infrared rays, and our exclusive technology is the ideal way to protect against this light spectrum, while activating the skin-rejuvenation process for the appearance of younger-looking skin. Now skin can repair itself better.”

     

  • Chow Tai Fook invited to open second shopping mall in Shanghai Free Trade Zone

    Chow Tai Fook invited to open second shopping mall in Shanghai Free Trade Zone

    Two months after jeweller Chow Tai Fook set up its first shopping mall selling Hong Kong products in the Qianhai free-trade zone, it was offered opportunities by several mainland cities, including Shanghai, inviting it to build such malls in their free-trade zones, a senior management official at the company said.

    Chan Sai-Cheong, Executive Director of Chow Tai Fook and who overlooks the company’s mainland operation, told the Post in a phone interview that “ [officials of] several free-trade zones of mainland cities have approached us, asking us to open a shopping mall there.”

    This fulfilled the wish made by Adrian Cheng Chi-Kong, the third-generation heir of billionaire Cheng Yu-tung’s family, at the opening ceremony of its Qianhai shopping mall – HOKO, when he said if Shanghai offered an opportunity, he will consider opening such malls in their free-trade zone.

    Unlike other traditional shopping malls, CTF’s HOKO mall provides two ways for customers to check out – the traditional “grab pay and go” model or and the online channel, under which customers order through a smartphone app and have the goods delivered to their home.

    Hong Kong retailers, such as Sasa, Chow Tai Fook, ISA, G2000 are among the 21 tenants.

    Retail prices of the online channel are typically cheaper than the traditional channel, as the Chinese government only applies a special “postal tax” for imported goods brought from the so-called cross-border e-commerce channel.

    Otherwise, customers need to pay three types of taxes if they purchase imported goods from traditional channels, which are usually higher.

    Despite the olive branch extended by the mainland free-trade zones, Chan said CTF will take its time before it decides on opening a second mall in other cities.

    The business performance of its second phrase mall in Qianhai, which is set to launch before May, will be a testing ground, said Chan.

    “We won’t rush in a hurry,” Chan said, adding the company didn’t have a timetable at the current stage.

    Located in the same area in Qianhai, the second phase HOKO mall will double the size of its first one, occupying a 12,000 sq m area.

    Chan said tenants would be more diversified compared to those in phase one as restaurants, supermarkets, automobile parts, electronics and furniture stores could be expected there.

    But only 50 per cent of the spaces would be used for retail, Chan said. The other half would be reserved for projects that enhance customers’ experience.

    He emphasised that the company won’t let too many milk powder retainers in just because their sales performances were among the best in its phase one mall.

    Beside, a bauhinia garden featuring Hong Kong characteristics will be added to CTF’s Qianhai complex, outside its shopping mall, with a group of selected art pieces on display. He said the idea was initiated by Adrian Cheng Chi-Kong, who also added art pieces to Hong Kong’s K11 mall.