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Sa Sa International Holdings

Sa Sa International Holdings

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Sa Sa International Holdings (Chinese: 莎莎國際) (SEHK: 178) was a Hong Kong-based chain store company selling cosmetics, personal care, skin care, fragrance, hair care, body care products, as well as health and beauty supplements under more than 700 brands, including over 180 own brands and other exclusive international brands.[1][2][3][4][5][6]

Quick Facts Company type, Founded ...

The company was founded by Kwok Siu-Ming in 1978. It was listed on the Hong Kong Stock Exchange in 1997. The chain had over 230[7] retail stores in Hong Kong, Macau, Mainland China and Malaysia.[8] In 2019, Sa Sa closed all its 22 stores in Singapore amid stiff competition[9] and running losses for 6 consecutive years. Sa Sa management did not inform its staff about the plans to pull out and surprised many.[10]

The Group has been included in the Hang Seng Composite SmallCap Index, Hang Seng Small Cap (Investable) Index, FTSE World Index Series and MSCI Index Series. It has been a constituent member of Hang Seng Corporate Sustainability Benchmark Index since 2011.

Sa Sa's annual revenue totaled HK$8,9 billion for the fiscal year ending in March 2015.[11]

See also

References

  1. [1]
    Han, Seung-ah (12 August 2015). "홍콩 샤샤(SASA), 국내 중소 화장품社 해외 진출 교두보". Daily Cosmetic (in Korean). Retrieved 30 September 2015.
  2. [2]
    "SA SA莎莎黄金周港澳销售暴跌10.4% 欲发展电商业务". 人民网 (in Chinese). 13 October 2015. Retrieved 19 October 2015.
  3. [3]
    "Billion Bucks". Forbes. Retrieved 19 October 2015.
  4. [4]
    "Cosmetic problems: Sasa looks to make-up for poor China sales". WantChinaTimes.com. Retrieved 19 October 2015.
  5. [5]
    "SaSa success". China Daily. Retrieved 19 October 2015.
  6. [6]
    "HK cosmetics chains profits hit as high-spending Chinese tourists cut back". South China Morning Post. 19 January 2015. Retrieved 19 October 2015.
  7. [7]
    "Cosmetics chain Sa Sa says full-year net profit down 10 pct". Reuters. Retrieved 19 October 2015.[dead link]
  8. [8]
    "Company Overview, Sa Sa International Holdings Ltd". Bloomberg. Retrieved 19 October 2015.
  9. [9]
    "Sasa in Singapore: What went wrong?". cmp.smu.edu.sg. Singapore Management University. 30 June 2020. Archived from the original on 13 December 2022. Retrieved 5 June 2023.
  10. [10]
    Auto, Hermes (3 December 2019). "Sasa's shop staff say management has yet to inform them of its move to quit Singapore; closure surprises customers | The Straits Times". www.straitstimes.com. Retrieved 13 December 2022.
  11. [11]
    "Annual Financials for Sa Sa International Holdings Ltd". MarketWatch. Retrieved 19 October 2015.
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