Published:
Lifestyle to build a multi-billion yuan store in Shanghai
Hong Kong’s top department store operator by market value is planning to open a “landmark” store in Shanghai, its second in the city.
A Reuters report said this next major project is expected to be bigger than Lifestyle International Holdings’ existing property in Shanghai of more than 70,000 square meters.
"Let's say for a 100,000 square meter store in Shanghai, total investment would be around 4 billion yuan ($588.5 million)," said Chief Financial Officer Terry Poon.
Lifestyle operates Hong Kong's two Sogo department stores and three Jiuguang department stores in mainland China.
View the full story in Reuters.
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