- CEO
- Wo Fai Yeung
- Full Time Employees
- 5,300
- Sector
- Consumer non-durables
- Industry
- Consumer sundries
- Address
- Sitoy Tower Hong Kong Hong Kong
- IPO Date
- Dec 6, 2011
- Business
- Sitoy Group Holdings Limited engages in the design, research, development, manufacture, sale, wholesale, and retail of handbags, small leather goods, travel goods, and footwear products. The company operates through three segments: Retail, Manufacturing, and Property Investment. Its Retail segment is involved in the manufacture, retail, and wholesale of handbags, small leather goods, travel goods, and footwear products for brands owned or licensed by the Group, and provides handbag and accessories design, advertising, and marketing services. The Manufacturing segment produces handbags, small leather goods, and travel goods for branding and resale by other companies. The Property Investment segment invests in office spaces for rental income or capital appreciation purposes. The company offers its products under several brand names including TUSCAN'S, Fashion & Joy, Duffy, and Cole Haan, and distributes its products through both offline stores and online channels. Geographic operations span Mainland China, Hong Kong, Macau, Taiwan, North America, Europe, and other Asian countries. Founded in 1968, the company is headquartered in Kwun Tong, Hong Kong.
Recent major changes include the establishment of a Nomination Committee to enhance corporate governance through oversight of board composition and diversity policies. The committee is comprised mostly of independent non-executive directors and aims to align board structure with corporate strategy and stakeholder confidence. The company also announced results from its Annual General Meeting in November 2025, approving resolutions to strengthen governance and financial strategies, including authorization for a share repurchase program of up to 10% of issued shares and a special dividend payout. Additionally, Sitoy is progressing with the commissioning of a new factory expected to start operations during the 2024/2025 financial year, aimed at expanding manufacturing capabilities. The company has been navigating challenges reflected in a profit warning for 2025 partly due to the termination of the Cole Haan business.