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Top Japanese retailer, BALS Corporation, opened its first store outside
Japan in Hong Kong on May 15.
The
lifestyle store offers home furniture and furnishings, decorative
accessories and personal care products, and represents a substantial
investment in Hong Kong’s retail sector.
The President and Chief Executive Officer of BALS Corporation, Mr Fumio
Takashima, said, “Hong Kong’s mature and sophisticated market is one of
the key attractions for BALS. People here have relatively high levels of
disposable income, combined with a high expectation for both quality and
style."
Mr Takashima also stressed that BALS Corporation was attracted by Hong
Kong’s location and excellent business infrastructure, which make it an
ideal gateway to the mainland market. BALS plans to establish operations in
mainland China in about 2 years.
In Hong Kong, BALS plans to open 4 more stores over the next 2 years. The
corporation’s planned investment for the 5 shops totals HK$30 million.
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