Hong Kong still Sa Sa's mainstay

BackgroundSa Sa International Holdings (HK:0178) is a cosmetics retail chain with 168 stores across Hong Kong, Macau, mainland China, Singapore, Malaysia and Taiwan. Stores in Hong Kong and Macau make up almost 80% of annual turnover, through sales to Hong Kong residents and mainland visitors. In addition to its own-brand products, the company sells over 400 brands and 15,000 beauty products. It also operates cosmetics counters for brands such as Elizabeth Arden and Suisse Programme in department stores across the region.

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Other Articles on this Issue

• Financial China

  Rmb appreciation. Will 2010 be the year?

  Informal lending takes off, regulation proposed

• Consumer China

  Cosmetics: saving face

  Sephora: China growth 'extraordinary'

  Shiseido pushes global expansion

  Shanghai Jahwa: homegrown victor

  Bonjour mainland visitors

  Watsons eyes expansion

• Macro View

  Succession politics

• The Big Call

  Factor inflation shows overheating

• Guest Column

  The outlook for Chinese listings

• The Best of Chinese Commentators

  The course of monetary tightening

  Where have all the migrants gone?

• Funds Data

  China stays out of favour

• Capital Intensive China

  Smart moves

• View issue