Sa Sa International Holdings Explained

Sa Sa International Holdings Limited
Chinese: 莎莎國際控股有限公司
Type:Public
Foundation:1978
Location City:Chai Wan
Location Country:Hong Kong
Locations:More than 230 Sasa retail stores in 4 countries
Area Served:Hong Kong
Macau
China
Malaysia
Operating Income:$ 142M
Net Income:$ 106M
Num Employees:3,500
Homepage:Sasa's Brand Story https://www.sasa.com.hk/v2/Official/BrandStory?utm_source=Wikipedia&utm_medium=link_en&utm_campaign=WikipediaSasaWebsite, Sasa eShop https://www.sasa.com.hk/?utm_source=Wikipedia&utm_medium=link_en&utm_campaign=WikipediaSasaEShop

Sa Sa International Holdings (HKEX:) 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]

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

Notes and References

  1. Web site: 홍콩 샤샤(SASA), 국내 중소 화장품社 해외 진출 교두보. 30 September 2015. Seung-ah. Han. 12 August 2015. Daily Cosmetic. ko.
  2. Web site: SA SA莎莎黄金周港澳销售暴跌10.4% 欲发展电商业务. 2015-10-19. 13 October 2015. 人民网. zh.
  3. Web site: Billion Bucks. Forbes. 19 October 2015.
  4. Web site: Cosmetic problems: Sasa looks to make-up for poor China sales. WantChinaTimes.com. 19 October 2015.
  5. Web site: SaSa success. China Daily. 19 October 2015.
  6. Web site: HK cosmetics chains profits hit as high-spending Chinese tourists cut back. South China Morning Post. 19 January 2015 . 19 October 2015.
  7. Web site: Cosmetics chain Sa Sa says full-year net profit down 10 pct. Reuters. 19 October 2015.
  8. Web site: Company Overview, Sa Sa International Holdings Ltd.. Bloomberg. 19 October 2015.
  9. Web site: Sasa in Singapore: What went wrong? . cmp.smu.edu.sg . . 5 June 2023 . https://web.archive.org/web/20221213084653/https://cmp.smu.edu.sg/article/sasa-singapore-what-went-wrong . Dec 13, 2022 . en . 30 Jun 2020 . live.
  10. Web site: Auto . Hermes . 2019-12-03 . Sasa's shop staff say management has yet to inform them of its move to quit Singapore; closure surprises customers The Straits Times . 2022-12-13 . www.straitstimes.com . en.
  11. Web site: Annual Financials for Sa Sa International Holdings Ltd.. MarketWatch. 19 October 2015.