- Business
- Lifestyle International Holdings Limited operates mid-to-upper-end department stores in Hong Kong under the flagship SOGO brand; offers daily necessities, luxury products, fashion, beauty and cosmetics, personal care services including beauty salons, home appliances, bedding, jewelry, children's wear, sports goods, groceries via Freshmart supermarket, and lifestyle essentials; and engages in property development, investment, leasing, restaurant and club operations, financial investments, advertising, and financing activities. The company targets mid-to-high-end consumers seeking one-stop shopping experiences and serves the Hong Kong market primarily, with international diversification through a commercial property acquisition in London's St. James's district in November 2020 that generates stable rental income. Founded in 1985 and headquartered at East Point Centre, 555 Hennessy Road, Causeway Bay, Hong Kong, it employs approximately 650 staff and lists on the Hong Kong Stock Exchange under ticker 1212. In recent developments, the company completed a HK$7.85 billion refinancing of its Kai Tak project loan facility in June 2024, upsizing from HK$6.95 billion with support from 12 financial institutions; opened The Twins Tower I retail complex in Kai Tak, East Kowloon, in mid-September 2024 as Hong Kong's largest lifestyle retail development spanning over 1.1 million square feet, anchored by the new full-scale SOGO Kai Tak department store hosting over 480 brands including 22 Hong Kong debuts, alongside luxury zones, dining, entertainment, sky gardens, and multipurpose spaces achieving over 95% occupancy by early 2025; and extended its London property lease to May 2024 for enhanced income stability. The Kai Tak project, spanning eight years with a total investment exceeding HK$15 billion, creates around 3,800 jobs, incorporates 61,000 square feet of greenery, and holds Provisional LEED and BEAM Plus Platinum certifications for sustainability. The company maintains an upgraded omni-channel system to deliver seamless retail experiences amid evolving consumer trends.