Retail News CRM

Tag: Hong Kong

  • JLL : 83% of retailers plan to open new stores over the next 12 months

    JLL : 83% of retailers plan to open new stores over the next 12 months

    A recent survey by JLL found that 83% of international and local retailers have plans to open new stores in Hong Kong over the next 12 months, a significant jump from 62% as recorded a year ago.

    More retailers planned to expand as retail sales in the first half have increased noticeably and are expected to grow further.JLL surveyed 40 retailers and retail landlords in June and found that more than 90% of the respondents stated their retail sales in the first half of 2018 fared better than those in the previous year.

    They also envisioned the like-for-like sales will grow by more than 10% in the second half. The resilient retail sales have encouraged 83% of the retailers to have plans for more store openings in Hong Kong in the coming 12 months.

    Hong Kong’s retail sector has been taking a broad upturn after bottoming out late last year. The latest government figures showed that the value of total retail sales gained strong momentum for the first five months of 2018, surging by 13.7% year-on-year, with all categories recording positive growth.

    An visible increase in visitor arrivals particularly those from mainland China, and a robust wealth effect led by strength in the city’s stock and property markets, coupled with an improvement in the overall local consumer sentiment, all contributed to the solid performance of the retail sector.

    In May 2018, the value of total retail sales increased by 12.9% year-on-year to a provisional estimate of HK$40.5 billion. A breakdown of retail sales by category revealed that the value of sales of jewellery, watches and clocks, and valuable gifts continued to lead the sector’s recovery, posting an impressive growth of 23.8% year-on-year. This was followed by medicines and cosmetics at 18.7%. Department stores and supermarkets also saw higher commodity sales.

    James Assersohn, Director of Asia Pacific Retail at JLL, said: “There is a great deal of positivity in the market at the moment. Retailers from almost all sectors are seeing strong and sustained growth in their sales which will lead to them investing more into the market. The luxury sector is currently the biggest winner, led predominantly by the Mainland Chinese tourists, but we also see locals increase spending which provides a deeper and more sustainable growth trajectory for retail businesses here”.

    “While the resuming demand for luxury goods would propel further recovery, it is worth noting that changing consumption patterns and shopper profiles fueled by millennials and generation Z have also led to greater demand for mass and mid-market brands, serving as a significant boost to local spending. The presence of the affordable brands of the kind are growing in major shopping districts at a swift pace. They will remain one of the main sources of leasing demand this year and onwards” he continued.

    Terence Chan, Head of Retail at JLL in Hong Kong, added: “The number of inbound visitors has increased remarkably in recent months, which helped lift retail sales to a considerable extent. Retailers are set to look for retail spaces in the major four shopping districts for expansion. However, given that the bulk of leasing demand continues to be from retailers with lower rental budgets, we believe a v-shaped recovery in retail rents is unlikely happen in the short term. We expect the rents of high street shops and prime shopping centres to grow in the range of 0-5% for the full year.”

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  • Inside of Victoria’s secret HK Flagship.

    Inside of Victoria’s secret HK Flagship.

    Hong Kong Victoria’s Secret flagship store opened in Causeway Bay last week.

    The spans four floors with a total retail space of more than 50,000 sqft.

    The store opened this week, though despite heavy pre-publicity, including painted trams and street art, the opening itself was a muted affair, more like a soft launch.

    Inside, parts of the store seem dark and a little cluttered, but others – like the Pink brand space which takes up a full floor, are brightly lit and clearly on target for its university-age customer profile.

    Tomorrow, Victoria’s Secret Angels Josephine Skriver and Martha Hunt will be in Hong Kong, appearing in-store from 6pm to 8pm to “meet and greet fans”.

    Features of the multi-story store include a dedicated zone for the brand’s Pink casual range of bras, panties, loungewear and beauty and a bra-fitting service.

    Early photos show parts of the store have a dark and cluttered look, especially the centrepiece staircase.

    Outside, the store features a mirror-glass facade with bright lighting in the brand’s signature pink hues and a large video display facing the Times Square showing the Victoria’s Secret Angels and the brand’s latest collections.

    View the complete gallery of the interior below (10 images) :

     

  • Sarah Zhaung Jewellery opens UK doors

    Sarah Zhaung Jewellery opens UK doors

    Named after the eponymous jewellery designer, Sarah Zhuang Jewellery decided to expand from its home market after a successful showcase at Couture London.

    Sarah Zhuang Jewellery wowed press and retailers at the show with its selection of versatile fine jewellery designs.

    Recognising the brand had something different to offer consumers in the UK, leading London independent jewellery retailers Kabiri and Talisman Gallery in Harvey Nichols have secured Sarah Zhuang Jewellery for its stores.

    All of Sarah Zhuang Jewellery collections are hand-crafted and designed to personify a unique trait of contemporary women. Pieces are crafted in 18ct gold and adorned with diamonds and precious gemstones, with each piece designed to be worn in multiple ways.

    Founder and designer of the namesake brand, Sarah Zhuang, shares on the move into the UK: “London is a very important market for us. It is the first time that we have expanded outside of Asia. We are extremely thrilled to have received such positive feedback from Couture London, and to have connected with Harvey Nichols and Kabiri through this wonderful event.”

    Born into a family that has worked within the jewellery trade for more than 20 years, Zhuang has lived and breathed design from a young age. Fuelled by her passion for jewellery craftsmanship, she received her design certificate from the GIA and a professional diploma from Hong Kong Design Institute, before studying in Florence, Italy, to further hone her skills in jewellery design and making.

    In 2017, she launched her own eponymous brand, which she describes as ‘as versatile as women;.

    Already stocked in retailers in Hong Kong, China and Japan, Sarah Zhuang Jewellery is looking for other retail partners to expand her presence in the UK and internationally.

  • Victoria’s Secret HK first flagship store is now open

    Victoria’s Secret HK first flagship store is now open

    Victoria’s Secret is opening its first full assortment flagship store in Hong-Kong.

    Situated in the heart of Causeway Bay the store spans four floors with a total retail space of more than 50,000 sq. ft.

    From delicate lingerie with the brand’s latest collection from Very Sexy™, Dream Angels™, Body by Victoria™, T-Shirt & Sexy Illusions Collections to its athletic line, Victoria Sport, the store satisfies any customer’s demand.

    Cocooned in a glamorous and sophisticated atmosphere, Victoria’s Secret fragrances are available along with the brand’s other cosmetic products.

    Head upstairs through a spiral staircase with floor to ceiling LED video screens screening highlights from the Victoria’s Secret Fashion Show to a fully dedicated Victoria’s Secret PINK floor. There, you will find a collection of bras, panties and beauty products inspired by and focused on university-aged women.

    As angels never work alone, the store’s highly trained team offers complimentary bra fittings in store for you to find your perfect fit.

    With a stunningly mirror glass façade with dynamic lighting in the brand’s signature pink hues and a large video display facing the Times Square showing the Victoria’s Secret Angels and the brand’s latest collections you cannot miss the place.

    To celebrate the store’s opening, Victoria’s Secret Angels Josephine Skriver and Martha Hunt will be appearing in the store between 6-8pm on 24 July to meet & greet fans and sign autographs.

     

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  • Nike to fill former Esprit flagship space

    Sportswear brand Nike will take over a 7000sqft shop in the Leighton Centre for a monthly rental of HK$1.5 million (US$190,000).

    The space formerly housed an Esprit flagship, with the local fast-fashion brand reportedly paying rent of HK$2 million (US$255,000). Esprit vacated the space, located in one of the world’s busiest and priciest shopping districts, at the end of June. Esprit’s departure comes at a time when many Hong Kong retailers are abandoning or renegotiating prime streetfront locations.

    The 26,000sqft Esprit flagship at Tsim Sha Tsui was also vacated earlier this year before being taken over by a shoe retailer.

    The company took a net loss of HK$954 million (US$121.5 million) in the second half of 2017. It is currently poised to close more than 40 European stores.

  • Hong Kong retailers continue expansion

    Hong Kong retailers continue expansion

    A vast majority Hong Kong retailers in a survey say they plan to open new stores during the next year, according to property company JLL.

    Albeit a small sample base of 40 retailers, 83 per cent of international and local retailers told JLL they will expand – a significant increase form the 62 per cent of a similar survey a year ago.

    “There is a great deal of positivity in the market at the moment,” said James Assersohn, director of Asia-Pacific retail at JLL. “Retailers from almost all sectors are seeing strong and sustained growth in their sales which will lead to them invest more into the market.”

    Hong Kong retail sales rose 13.7 per cent during the first five months of this year and there are no signs of the rebound slowing down. However, the rise is being driven by luxury goods and jewellery, with growth in more staple products like food and furniture in the mid-single digits.

    “The luxury sector is currently the biggest winner, led predominantly by the mainland Chinese tourists,” said Assersohn.

    Almost all of the retailers questioned by JLL said they had experienced an increase of sales during the first half of this year and predict they will continue to grow by more than 10 per cent in the second half.

  • DFS celebrates the 5th Annual “First Class Beauty” Campaign

    DFS celebrates the 5th Annual “First Class Beauty” Campaign

    DFS Group, the world’s leading luxury travel retailer, will bring the best of beauty to traveling customers worldwide this August with its fifth annual and much-anticipated First Class Beauty campaign. 24 DFS and T Galleria by DFS stores across 17 destinations will be transformed into a non-stop whirlwind of beauty excitement, featuring exclusive products and experiences from more than 40 leading brands.

    The latest edition of First Class Beauty, themed “Your Day-to-Night Beauty Experts”, offers a curated selection of products that work every hour of the day, guided by the advice and expertise of DFS’ trained Beauty Associates. Perfect for the world traveler who seeks to look and feel the very best across all time zones, or who loves to transform their look as the sun goes down, “Your Day-to-Night Beauty Experts” represents an assortment of makeup and skincare that is essential for anyone on the move, many of them exclusive to DFS.

    As with previous First Class Beauty campaigns, these exceptional products will be brought to life in DFS stores worldwide through an ongoing calendar of exciting and immersive experiences to delight the traveling customer. From August 1 to 31*, participating stores will host a series of playful activations that highlight and enhance the enjoyment of discovery and surprise in every customer’s journey to today’s discerning beauty aficionado.

    Global world firsts include a utility-meets-fantasy MAC Workshop Café, and DFS x Meitu’s awe-inspiring lipstick bar boasting the latest AI and AR make-up applications. Combining hot new technology with a sense of fun and wonder, these unique counter makeovers respond to customers’ desires for a more youthful and entertaining retail experience.

    “‘Your Day-to-Night Beauty Experts’ is our biggest edition yet of First Class Beauty, with the largest number of participating brands and the most exciting activations. We are thrilled to leverage our deep expertise in beauty, and our understanding of what makes our customers happy, to bring the ultimate First Class Beauty experience to discerning global travelers,” said Christophe Marque, DFS Group Senior Vice President Beauty.

  • Hong Kong Boutique Hotel Step Up Their Game with Restaurant to Room Service

    Hong Kong Boutique Hotel Step Up Their Game with Restaurant to Room Service

    Ever get slightly disappointed by the poor selection (or lack) of food at a hotel’s room service menu? Well lucky for you, your indulgent cravings for mouth-watering dishes are being answered as Deliveroo joins forces Madera Group to provide on-demand restaurant to room service.

    Madera Group have strategically partnered with the leading food platform in Hong Kong to have inroom Deliveroo menus where guests can simply ring up guest services to order. With Deliveroo’s wide selection of restaurant partners, this means that guests can get their hands on a buffet of amazing cuisines including favourites such as 208 Duocento Otto, Yu Mai and Honeymoon Dessert with a mere phone call. The cost is simply added to the final bill upon check-out. There really is no way to top that level of room service!

    Lucas Lai, Head of Madera Hospitality Management at Madera Group comments, “As an award-winning luxury boutique hotel, we understand the ever-changing wants of the modern day traveller so it makes sense for us to partner up with Deliveroo to further enhance our guest experience, to provide all-day room service.”
    Brian Lo, General Manager of Deliveroo Hong Kong adds, “Customers love the convenience of at-home delivery so we are bringing our on-demand offering and amazing food selection straight to their hotel

    door. We are delighted to partner with a well-established player in the hotel-apartment sector and widen local restaurants to tourists and business travellers alike.”

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  • City’super plan to open more stores in mainland

    City’super plan to open more stores in mainland

    Upmarket Hong Kong supermarket operator City’super says it is planning to expand on the mainland.

    Currently the company has four supermarkets in Hong Kong and five in Shanghai. It opened its first store in Times Square in Causeway Bay in 1996 and its first in Shanghai’s IFC Mall in Pudong in 2010.

    President Thomas Woo said that the company believes there is an opportunity to serve the increasing ranks of middle class Chinese consumers who are growing a taste for premium foods.

    The company will initially focus on the Yangtze River Delta outside Shanghai.

    Woo says mainlanders seem more ready to spend on items such as imported liquor than Hongkongers.

    “We felt that the potential on the mainland has yet to be tapped by City’super,” he said. “We don’t aim to expand across the mainland, but we are setting eyes on the affluent region of East China.

    “We felt that there is no wealth gap between mainland and Hong Kong shoppers. Chinese consumers’ attitude about life has become more exquisite as they pay more attention to food origins to ensure healthy eating.”

  • Guerlain opens first Asian ‘Parfumeur’ concept boutique in Hong Kong

    Guerlain opens first Asian ‘Parfumeur’ concept boutique in Hong Kong

    Following the success of its first concept store which is dedicated exclusively to fragrances on rue Saint Honoré in Paris, Guerlain has open the Guerlain Parfumeur boutique in Hong Kong this month, being its first concept store in Asia.

    The store is under the signature “Guerlain Parfumeur depuis 1828” concept. The main goal is to offer a unique experience for customers revolving around completely tailor-made products and services, according to the brand.

    The new concept store shows the innovative retail concept that integrated with digital technology and usage of data. The store features 60 Guerlain fragrances which are meticulously classified into four main olfactory families, allowing customers to take advantage of a digital fragrance consultation to identify their personal olfactory profile.The algorithm helps the customers to find their very own “signature fragrance”.

    After choosing their fragrance, customers are invited to the personalisation atelier, where they can finalise their purchase by selecting every detail to make the fragrance their own – from bottle shape and colour, engraved message, to ribbons and bows for embellishing the bottles.

    LVMH group, Guerlain’s parent company, has rolled out ambitious international deployment of Guerlain’s perfume concept store since May 2017, starting with Brussels.

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  • Victoria’s Secret flagship store in HK to open soon

    Victoria’s Secret flagship store in HK to open soon

    Lingerie label Victoria’s Secret will open its first flagship store in Hong Kong on Tuesday, July 17.

    The Victoria’s Secret Hong Kong flagship has been under construction for more than a year since fast-fashion label Forever 21 exited the prime Causeway Bay site, opposite Hysan Place and a busy MRT exit.

    The new Capitol Centre store represents part of the brand’s moves towards general expansion globally. It will feature a broad range of lingerie collections as well as perfumes and body care products.

    An art project and photo competition for social media is being organised to celebrate the opening. The brand has collaborated with two local artists to create angel wing murals at Central and Sheung Wan, representing its signature runway props. Passersby who instagram themselves by the mural will be eligible for a chance to meet the Victoria’s Secret Angel models in person.

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  • Moschino being creative at the high tea at Ritz-Carlton, HK

    Moschino being creative at the high tea at Ritz-Carlton, HK

    From 14 July to 16 September 2018, Café 103 will collaborate with Moschino for a specially crafted afternoon tea brimming with delightful Italian flavors.

    Housed in an exclusive bear-shaped tea set stand paying homage to the label’s most recognizable character, the Moschino Afternoon Tea promises to be a new benchmark for the midday pastime.

    The creativity of Moschino is expressed through a new combination of stylistic elements that conveys its vision of a disenchanted future.

    Since Jeremy Scott’s appointment as Creative Director in 2013, capsule collections have been introduced in collaboration with iconic characters, figures and restaurants such as Betty Boop, Barbie, Looney Tones, McDonald’s, The Powerpuff Girls, SpongeBob and more. Even though Moschino is an expression of contemporary fashion, it stands apart from the chorus and sings solo to give its own personal rendition of the music of today.

    Executive Pastry Chef Richard Long incorporates iconic elements of the Italian luxury fashion house into the afternoon tea treats, turning Moschino’s eccentric playful touches to edible pleasures. Crunch Chocolate Passion Tart reveals layers of gastronomic pleasure under the fashion house’s double question mark logo – chocolate coating with almond bits, rich chocolate cream and passion fruit puree at the core.

    Gianduja Lollipop features the hazelnut chocolate ganache signature of Piedmont region, and is adorned with Moschino’s most beloved teddy bear motif to melt any heart.

    Gold Fresh Couture is inspired by the fragrance notes of the label’s iconic cleaning spray perfume of the same name – white peach, vanilla and rhubarb. Poached white peach and rhubarb compote add a fruity sweetness to the generous spread of vanilla white chocolate cream housed in a golden chocolate box resembling the catchy gold perfume bottle.

    Sicilian Pistachio Apricot is composed of layers of apricot compote, Sicilian pistachio cream and apricot jelly. A chocolate Moschino zipper puller lies atop to reinforce brand presence.

    Chef Richard’s very own version of Chocolate Pear Brownie highlights deliciously contrasting textures – crispy butter crumbles sandwiching moist chocolate cake infused with soft pear fillings.

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  • Fashion Tech explores application at HK Fashion Week

    Fashion Tech explores application at HK Fashion Week

    Fashion Tech zone explored the latest technological application on the 1st day of the ongoing Hong Kong (HK) Fashion Week. Going forward, the corporate fashion and uniforms zone also debuted at the four-day fashion event. As many as 1,100 exhibitors from 14 countries are participating in the international exhibition that will run till July 12.

    Exhibits at the Fashion Tech zone include luminous fabrics made with an innovative trademarked technology from first-time exhibitor Lumisonata; an application from Hong Kong exhibitor Key Links that monitors clothing qualities across various production lines; a 3D human modelling application from another Hong Kong exhibitor TOZI Technology that provides accurate body measurement with just two pictures uploaded by the user; Konica Minolta is also presenting their cutting-edge clothing printer and MiR (Mobile Industrial Robots).

    The fair this year, introduced corporate fashion and uniforms zone to provide a wide range of choices for the hospitality, food and beverage, retail and security industries. A fashion parade will be held on Wednesday to showcase fashionable workplace uniforms. The popular ‘World of Fashion Accessories’ section presents fashion accessories such as bags, accessories, belts, footwear, socks, leggings, gloves and scarves. The ‘Fashion Gallery’ features about 85 high fashion brands. The ‘Clothing Accessories, Fabrics & Yarn’ zone showcases quality raw materials. In addition, the show has once again set up an hktdc.com Small Orders zone, featuring nearly 100 showcases and garment racks with about 300 products available for orders in minimum quantities of between five and 1,000 pieces.

    In the coming days, a number of runway shows will be staged, including a fashion parade held today by students from the Chinese University of Hong Kong’s School of Continuing and Professional Studies. For product launches, four designers from Sri Lanka presented their latest collections which combine traditional local fabrics with modern designs at today’s first ‘International Fashion: On Parade’ session. In addition, Macau Productivity and Technology Transfer Centre will host an international fashion parade on Tuesday to showcase the latest collections from budding designers.

    Under the theme ‘Happy Collage’, about 15 fashion events are being held during the fair, including fashion shows, trend forecasting seminars, buyer forums and a networking reception, presenting the latest market intelligence and fashion items. This year’s show also features new exhibitors from Singapore, Sri Lanka and the United States along with 9 pavilions including India’s Apparel Export Promotion Council and The Synthetic & Rayon Textiles Export Promotion Council, the Chinese mainland’s Haining, Humen and Keqiao, Japan, Sri Lanka and Thailand’s Department of Industrial Promotion and Thailand Textile Institute.

    To create more business opportunities for exhibitors, the HKTDC has organised 90 buying missions from 45 countries and regions to the show, including buyers from over 3,600 companies. A series of seminars and forums will be held during the show, including a presentation by international trend forecasting group Fashion Snoops on their Autumn/Winter 2019/20 fashion forecasts for women’s and men’s wear and accessories. A seminar titled Online Shopping Reshapes the Fashion Industry will feature seasoned industry experts discussing recent online retailing market’s development and opportunities, while a seminar on Essential Testings and Ratings for Textiles and Garments will see experts detail testing requirements for textile chemistry, restricted substances for green textiles, as well as introduce a new rating system that can improve the purchasing practices and achieve sustainable supply chains.

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  • Xiaomi shares fall in Hong Kong trading debut as US-China trade war deter equity investors

    Xiaomi shares fall in Hong Kong trading debut as US-China trade war deter equity investors

    Xiaomi, the first company to raise capital under Hong Kong’s overhauled listing rules for pre-revenue start-ups or companies with multiple classes of stock, sputtered during its trading debut on the city’s exchange when investors spooked by the US-China trade war refrained from buying its shares.

    Shares of the Beijing-based company, offered a week ago at HK$17 each in what was once billed as the world’s biggest initial public offer, fell by as much as 5.9 per cent in an advancing market to HK$16, before recovering to end their first trading day at HK$16.80.

    “Investors are no longer that crazy about so-called new economy IPOs, as many of them have quickly fallen below their offer prices,” said Edmond Hui, chief executive for Bright Smart Securities.

    “It’s no longer a guarantee of making money.”

    The lacklustre debut was a blow for the world’s fourth-largest smartphone maker, which had taken a mere seven years to grow from a start-up to surpass 100 billion yuan (US$15 billion) in sales. Founded by serial entrepreneur Lei Jun in 2010, Xiaomi was the first blockbuster IPO under the new listing rules that Hong Kong’s securities regulator and stock market operator pushed through last year.

    “Xiaomi’s listing signals the Hong Kong market has entered a new phase,” said the city’s Financial Secretary Paul Chan Mo-po, speaking in Cantonese during a ceremony marking Xiaomi’s trading debut. “I believe [Hong Kong’s listing reform] will prompt more innovative technology companies to raise funds in Hong Kong, so our market can better serve the real economy.”

    The size of Xiaomi’s fundraising – originally aimed at US$10 billion – was trimmed by bad timing, coming after the US and Chinese governments fired the first salvoes of their trade war.

    Net proceeds from the IPO were HK$23.98 billion (US$3.1 billion), after deducting underwriting fees and other relevant expenses, Xiaomi said. The company priced its stock at the low end of a price range of between HK$17 and HK$22 each.

    That values the company, whose name is the Chinese phrase for millet, at US$54.3 billion, about half of the US$100 billion it had originally sought, which would’ve made Xiaomi the world’s largest IPO this year. Instead, that honour has gone to Siemens Healthineers, which raised US$5.17 billion in Frankfurt in March.

    “Although the macroeconomic conditions are far from ideal, we believe a great company can still rise to the challenge and distinguish itself,” Xiaomi’s founder and chief executive Lei Jun said in a brief speech at the start of trading. “From day one, innovation has been an integral part of Xiaomi’s DNA,” he said, adding that the listing would be “a brand new start for Xiaomi.”

    It plans to use 30 per cent of the proceeds for research and development, 30 per cent to expand and strengthen its capability into the internet of things business, 30 per cent for global expansion, and the remainder for working capital and other corporate purposes.

    Four of the five biggest tech IPOs in Hong Kong since September are now trading below their offer prices.

    Lei, who founded Xiaomi in 2010 and currently holds nearly one third of the company’s stock, has been presenting Xiaomi as an internet company rather than a hardware maker, saying it should be valued as hybrid of Apple and Tencent because it is “driven by innovation”.

    Companies billed as manufacturers, like tech giant Apple, tend to achieve much lower valuations than those categorised as internet firms, for example China’s Tencent.

    Investors were not the first to question Lei’s categorisation. In mid June, the company shelved a plan to issue Chinese depositary receipts (CDRs) in Shanghai after the market regulator demanded answers to 84 questions, including why Xiaomi positioned itself as an internet firm.

    The smartphone maker has tapped several Hong Kong and Chinese tycoons as investors, including Li Ka-shing of CK Hutchison, Pony Ma Huateng of Tencent and Jack Ma Yun, founder of Alibaba Group Holdings and owner of this newspaper.

    Xiaomi’s seven cornerstone investors have agreed to acquire US$548 million worth of shares with a six-month lock-up period, according to the prospectus.

    US chip maker Qualcomm has committed US$100 million, the only foreign company among the cornerstone investors. China Mobile, the country’s biggest telecom operator, will also invest US$100 million, while CICFH Entertainment, a state-backed industrial fund, will be the biggest cornerstone investor with a US$192 million stake.

  • Capillus Announces Grand Opening of the First Capillus Store in Hong Kong

    Capillus Announces Grand Opening of the First Capillus Store in Hong Kong

    Medical device manufacturer Capillus has opened its first store in Hong Kong.

    The firm, which specialises in treatments for hair loss, opened the Capillus store at Mira Place Mall in Tsim Sha Tsui, through its partnership with Yaniv Healthcare – which became the exclusive Capillus Hong Kong distributor last year. The company has traded in China since 2013.

    Capillus CEO Carlos Piña said “I believe our target customers are universal. Whether in Hong Kong or in the US… hair loss can be devastating psychologically. Our goal is to reach those for whom hair loss is a concern before it becomes an irreversible condition.

    “We are very proud of our commercial venture with Yaniv Healthcare and are looking forward to further expansion into the Chinese market through our partnership”, he said.

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