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Coca-Cola in Hong Kong become Founding Partner of Kai Tak Sports Park

Bringing People Together and Elevating Refreshing Moments in Hong Kong’s Home Venue


HONG KONG SAR – Media OutReach Newswire – 26 March 2025 – Coca-Cola in Hong Kong, represented by The Coca-Cola Company and its bottling partner Swire Coca-Cola in the city, is delighted to announce their strategic partnership with Hong Kong’s largest integrated sports and entertainment landmark, Kai Tak Sports Park (KTSP), as one of its Founding Partners.

Partnership in Action: Coca-Cola in Hong Kong is honored to provide the global audience of Kai Tak Sports Park with its optimized portfolio of beverages.
Partnership in Action: Coca-Cola in Hong Kong is honored to provide the global audience of Kai Tak Sports Park with its optimized portfolio of beverages.

The partnership reinforces Coca-Cola brands as the beverage of choice for every occasion, and underscores Coca-Cola’s commitment to local communities by continuing to foster shared moments and celebrate incredible connections – most ideally accompanied by refreshing ice-cold Coca-Cola – as well as by supporting Hong Kong’s vibrant mega-event economy.

Your Favorite Drinks, Always Within Reach: With hundreds of coolers, fountain dispensers and full-service vending units, Coca-Cola ensures your favorite drinks are always available throughout Kai Tak Sports Park.
Your Favorite Drinks, Always Within Reach: With hundreds of coolers, fountain dispensers and full-service vending units, Coca-Cola ensures your favorite drinks are always available throughout Kai Tak Sports Park.

As a global leader in the beverage industry, Coca-Cola in Hong Kong is committed to creating refreshing and memorable moments with its full beverage portfolio at KTSP, while supporting the Park in Raising the Game to deliver ​world-class sport, cultural and entertainment experiences to a global audience.

A Collaboration to Elevate Beverage Experiences at KTSP

“Kai Tak Sports Park is set to become a landmark destination for sportainment in Hong Kong, and as a leading beverage company, we are honored to be part of this once-in-a-generation establishment,” commented Karlijn in t Veld, Vice President, Franchise Operations, Hong Kong, Taiwan, Macau & Mongolia, The Coca-Cola Company. “We have been crafting strong and loved brands that create hundreds of thousands of refreshing moments every day for Hong Kong. As the city rises to become ‘Asia’s Events Capital’, we, building on our legacy and strength, look forward to creating magical moments and incredible experiences for millions of visitors to Kai Tak Sports Park, while promoting sports, entertainment, tourism, and hospitality in the city.”

Coca-Cola Fully Integrated into Kai Tak Sports Park: As a Founding Partner of Kai Tai Sports Park, Coca-Cola ensures a strong and visible presence throughout the venue to enhance visitors’ overall experience.
Coca-Cola Fully Integrated into Kai Tak Sports Park: As a Founding Partner of Kai Tai Sports Park, Coca-Cola ensures a strong and visible presence throughout the venue to enhance visitors’ overall experience.

“At Swire Coca-Cola, we are proud to work hand in hand with The Coca-Cola Company to bring an exciting range of beverages to our community,” said Richard Gould, General Manager, Swire Coca-Cola HK. “Our dedicated team is passionate about creating refreshing and memorable experiences for all visitors to Kai Tak Sports Park – by providing the perfect drink for every moment.”

A Proud Founding Partner

As a Founding Partner of KTSP, Coca-Cola will enhance every visit with refreshing beverages, exciting experiences, and sustainable initiatives:

  • Partnership in Action: Coca-Cola in Hong Kong is honored to provide the global audience of Kai Tak Sports Park with its optimized portfolio of beverages, including sparkling beverages (Coca-Cola®, Sprite®, Fanta®, Schweppes®), unsweetened tea (Authentic Tea House®), sweetened tea (Kochakaden® CRAFTEA®), water (bonaqua®), sports (Aquarius®) and energy (MONSTER®) drinks, and other categories. This ensures that every sip at KTSP delivers unmatched quality and refreshment.
  • Your Favorite Drinks, Always Within Reach: Whether you are cheering in the Main Stadium or exploring the Park, Coca-Cola ensures that your favorite drinks will always be available. With hundreds of coolers, fountain dispensers, and full-service vending units, it will be easy and convenient to grab an ice-cold Coca-Cola product at various concessions within the precinct or whilst enjoying an exciting show or a Hong Kong Sevens match.
  • Coca-Cola Fully Integrated into KTSP: As a Founding Partner of Kai Tai Sports Park, Coca-Cola ensures a strong and visible presence throughout the venue. From main gates “presented by Coca-Cola” to physical signage, digital advertising airtime and online advertising, the brand is integrated seamlessly into the Park’s experience. The Park also grants Coca-Cola activation rights, exclusive access to designated areas and hospitality benefits. Through these sponsorship elements, Coca-Cola remains a prominent part of the Park’s atmosphere, offering visitors easy access to its diverse beverage portfolio while enhancing their overall experience.


A Greener Way to Refresh

Coca-Cola is committed to creating a more sustainable and better shared future. “Great partnerships go beyond business – they create meaningful community impact. As we bring refreshing beverages to KTSP and inject excitement into the various activities in the Park, we are also committed to a greener Hong Kong. Together, we will drive progress in waste management, people empowerment and community engagement,” Karlijn enthused.

A Partnership for the Community

“We are delighted to welcome Coca-Cola in Hong Kong as a Founding Partner,” said John Sharkey, Chief Executive Officer at Kai Tak Sports Park. “This partnership aligns with our vision to be an iconic, world-class venue that brings together people from around the world to create magical moments, by delivering exhilarating and memorable sports, entertainment, and cultural experiences. KTSP is also a hub for our local community’s enjoyment and Coca-Cola’s commitment to uplifting visitors and supporting sustainability initiatives makes them an ideal partner to KTSP’s journey of inspiring visitors to enjoy and explore. There’s truly something for everyone.”

As part of its longstanding commitment to Hong Kong’s sports scene, Coca-Cola has extended its enduring collaboration with HK China Rugby (HKCR), building on 20 years of successful partnership as a trusted ‘Tournament Partner’ and exclusive non-alcoholic ready-to-drink (NARTD) beverage supplier of the Hong Kong Sevens, which will inaugurate its iconic event at its new home in Kai Tak Sports Park later this month, from March 28 to 30.Hashtag: #CocaCola

The issuer is solely responsible for the content of this announcement.

About The Coca-Cola Company

The Coca-Cola Company is a total beverage company, offering over 500 brands in more than 200 countries. In Hong Kong, the company has a portfolio covering sparkling, sweetened and unsweetened tea, juice, sports drink, water, enhanced hydration beverages, etc. We have 12 brands offering 70 different variants such as “Coca-Cola”, “Coca-Cola No Sugar”, “Coke Plus”, “Sprite”, “Fanta”, “Schweppes”, “Bonaqua” Mineralized Water, “Authentic Tea House”, “Minute Maid”, “Minute Maid Qoo”, “Yeung Gwong”, “Aquarius”, “Healthworks”, “Kochakaden” “CRAFTEA” and “OOHA”. We are constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. Learn more about us on Coca-Cola’s Facebook and Instagram.

About Swire Coca-Cola HK (SCCHK)

Swire Coca-Cola HK (SCCHK) has proudly served the Hong Kong community as the authorized bottler and distributor of The Coca-Cola Company since 1965, making us the leading non-alcoholic beverage manufacturer locally. In 1991, we established the world’s tallest bottling plant in Shatin, which rises 147 meters high and encompasses over 70,000 square meters of floor space across 18 floors. We are dedicated to refreshing the people of Hong Kong with a diverse selection of beverage choices, offering approximately 20 brands and over 80 products to a population of 7.5 million.

About Kai Tak Sports Park

Kai Tak Sports Park is a fully integrated sports, leisure and entertainment destination. The 28-hectare Sports Park will be part of the redevelopment on the site of the old Hong Kong International Airport in Kai Tak. The Sports Park features a 50,000-seat Main Stadium (named Kai Tak Stadium) with a retractable roof, Indoor Sport Centre (named Kai Tak Arena) with the flexibility to host community sports and events of up to 10,000 seats, and a Public Sports Ground (named Kai Tak Youth Sports Ground) with a capacity of 5,000 seats. These venues will be complemented with extensive public open spaces for events and leisure together with retail and harbour front dining spaces.

Thai PM Survives No-Confidence Vote

Thai PM Survives No-Confidence Vote.
Thailand's Prime Minister Paetongtarn Shinawatra (C) poses with members of the governement after surviving a no-confidence vote at the Thai Parliament in Bangkok on March 26, 2025. (Photo by Lillian SUWANRUMPHA / AFP)

AFP – Thai Prime Minister Paetongtarn Shinawatra survived a no-confidence vote in parliament on Wednesday, defeating a challenge from opposition parties who accused her of being a puppet of her father, billionaire ex-premier Thaksin Shinawatra.

Presented by K11 Art Foundation, Philip Colbert’s monumental sculpture THE LOBSTER PAINTER – a collaboration with Co-Museum – along with five other works create an immersive city takeover

The sculptures are now available for public viewing at various locations across K11 MUSEA and add a bold, interactive dimension to Hong Kong’s city-wide celebration of the arts From 26 March to 13 May 2025 at GF, Promenade, K11 MUSEA


HONG KONG SAR – Media OutReach Newswire – 26 March 2025 – British artist Philip Colbert‘s newest work, THE LOBSTER PAINTER, and five signature lobster sculptures transform K11 MUSEA into a vibrant hyper-pop world. With the aim of bringing art to the community, the artworks are presented by K11 Art Foundation (KAF) and merge art, technology, and accessibility. The monumental artwork, THE LOBSTER PAINTER, is a collaboration between Colbert and Co-Museum, and is a striking 7.5-metre-high steel sculpture on public view from today till 13 May 2025.

British neo-pop artist, Philip Colbert, unveils his monumental sculpture, THE LOBSTER PAINTER, at the promenade at K11 MUSEA during Hong Kong Arts Month (Photo Credit: Anthony Kwan, Getty Images)
British neo-pop artist, Philip Colbert, unveils his monumental sculpture, THE LOBSTER PAINTER, at the promenade at K11 MUSEA during Hong Kong Arts Month (Photo Credit: Anthony Kwan, Getty Images)

To celebrate the launch of the public artwork, an exclusive kiosk pop-up has opened on the promenade at K11 MUSEA and Avenue of Stars offering limited-edition special Asset-Backed Collectible (ABC) versions of THE LOBSTER PAINTER. These 33-centimetre collectible figure, (Original Edition priced at HKD 3,888; Gold Edition priced at HKD 14,888) are a collaboration between Philip Colbert and Co-Museum, enabling collectors to become co-collectors of the monumental sculpture through blockchain technology.

THE LOBSTER PAINTER adds a bold and interactive dimension to Hong Kong’s Arts Month (Photo Credit: Anthony Kwan, Getty Images)
THE LOBSTER PAINTER adds a bold and interactive dimension to Hong Kong’s Arts Month (Photo Credit: Anthony Kwan, Getty Images)

Each collectable will represent a shared connection to the monumental sculpture itself, while, through blockchain-powered ABCs, collectors will become co-collectors of THE LOBSTER PAINTER. As a special highlight, co-collectors will also have the unique opportunity to have their names on a sign at the base of the collectable. Part of the proceeds from the sale of the collectable will be used to continue supporting the development of contemporary art through KAF’s art and culture programmes.

Limited-edition special Asset-Backed Collectible (ABC) versions of THE LOBSTER PAINTER enable collectors to become co-collectors (Photo Credit: Philip Colbert Studio)
Limited-edition special Asset-Backed Collectible (ABC) versions of THE LOBSTER PAINTER enable collectors to become co-collectors (Photo Credit: Philip Colbert Studio)

For those unable to attend in person, the limited-edition ABCs will also be available for purchase online at K11 Experience, co-museum.shop and www.philipcolbert.com.

Five of Colbert’s signature lobster sculptures will also be on display inside K11 MUSEA until 13 April. Four of them — Lobster Flower, Lobster Fountain, Lobster Totem, and Daydreamer — will be located at the MUSE EDITION. The fifth sculpture, Lobster Soup Can, can be found at the entrance next to Koncierge, further expanding Colbert’s lobster takeover of Hong Kong.

Five of Colbert’s signature lobster sculptures will also be on display inside K11 MUSEA – including Lobster Fountain and Lobster Flower (Photo Credit: Anthony Kwan, Getty Images)
Five of Colbert’s signature lobster sculptures will also be on display inside K11 MUSEA – including Lobster Fountain and Lobster Flower (Photo Credit: Anthony Kwan, Getty Images)

Hashtag: #philipcolbert #co_museum #k11artfoundation #k11musea #TheLobsterPainter

The issuer is solely responsible for the content of this announcement.

About Philip Colbert

“I became an artist when I became a Lobster,” – Philip Colbert.

Born in Scotland and living and working in London, Colbert is often referred to as the “godson of Andy Warhol”. He has created a global following for his cartoon lobster persona and his masterful hyper-pop history paintings. His work powerfully explores the patterns of contemporary digital culture and its relationship to a deeper art historical dialogue. After graduating with an MA in Philosophy from St. Andrews University, Colbert’s work has received international acclaim in museums and galleries worldwide for his energetic new approach to painting and pop theory. Following on from early Pop painters such as Richard Hamilton, Roy Lichtenstein and James Rosenquist, Colbert’s paintings cross high art themes from old master paintings and contemporary art theory with everyday symbols of mass contemporary culture, all narrated through the eyes of Colbert’s cartoon Lobster alter ego. He has been championed as a contemporary pop master by art world figures such as Charles Saatchi & Simon de Pury.

About K11 Art Foundation

Founded by Dr. Adrian Cheng in 2010, K11 Art Foundation is a non-profit organisation in Hong Kong dedicated to fostering the development of Asian contemporary art. Since its inception, its scope has expanded to include supporting the global art ecosystem to champion emerging artists from across Asia, reflecting the diversity and dynamism of the continent’s art scene. In 2023, K11 Art Foundation International Council was established to empower and support the next generation of Asian artists, to continue establishing partnerships with leading art and cultural institutions around the world to create impactful cross-cultural exchanges and contribute to the expanding global contemporary art discourse. These include the K11 Artist Prize and K11 Curator Prize, prestigious awards that recognise and honour exceptional Asian artists and Asian art curators; and the K11 Salon, a global series of talks which aim at fostering international dialogues on arts and culture.

About K11 MUSEA

Hong Kong’s Silicon Valley of Culture, K11 MUSEA, is the latest cultural-retail destination in Victoria Dockside located on the harbourfront of Tsim Sha Tsui. Inspired by ‘A Muse by the Sea’, K11 MUSEA is designed to enrich new consumers’ daily lives through the power of creativity, culture and innovation. A destination 10 years in the making, K11 MUSEA opened its doors in August 2019 to usher in a new era of cultural-retail which speaks to the growing consumer demand for immersive experiences in art, culture, nature and commerce.

About Co-Museum

Co-Museum is an art & cultural collective aimed at widening art ownership to a broader audience. Pioneers of the asset-backed collectable (ABC) standard, Co-Museum enables access of artworks and artefacts traditionally owned by the top 1% by connecting fractional ownership of the base asset with art collectables that include physical, digital & communal components. Together, Co-Museum aims to usher in a new paradigm for art ownership and put art back in the hands of the people.

Fake Kidnapping Alert in Luang Prabang Debunked by Authorities

On 7 March, a Facebook post warning of a child kidnapping in Xiengngern district, Luang Prabang, spread like wildfire, accumulating over 18,000 shares in just two days. The post caused a quick spread of fear among the community until local authorities stepped in to debunk the claim as fake news on 9 March. 

Great World Residences unveils new name and brand identity


SINGAPORE – Media OutReach Neswire – 26 March 2025 – Great World Residences, formerly known as Great World Serviced Apartments, proudly announces its new name and refreshed brand identity, marking more than 25 years of providing exceptional serviced residential living. At the heart of this transformation is a comprehensive refurbishment of its apartments and facilities, including a brand-new pickleball court set to open in Q2 this year, further elevating the living experience for its residents.

Great World Residences’ new tagline – Discover your world within ours, invites residents to integrate their unique lifestyles into its expansive and welcoming environs, reflecting its commitment to provide an esteemed living space where personal and communal worlds coexist harmoniously.

“This brand refresh embodies our dedication to creating a home that resonates with our residents’ aspirations and lifestyles,” says Darren Cher, Senior General Manager of Great World Residences. “We are excited to welcome guests into this new chapter of Great World Residences, where warmth, sophistication, and connection define everyday living.”

Unparalleled connectivity and convenience in the heart of Singapore
Centrally located in the prime River Valley precinct next to Great World shopping mall, Great World Residences offers easy access to a myriad of shopping, dining, and entertainment options, as well as the city’s business hubs, embassies and hip lifestyle enclaves such as Robertson Quay and Clarke Quay.

With Great World MRT station just a 3-minute walk away, residents can enjoy quick and direct links to Singapore’s premier Orchard Road retail belt and the Central Business District, all within a 10-minute subway ride on the Thomson-East Coast line.

Inspiring abodes for every lifestyle
Residents have everything they need and more to feel right at home at Great World Residences, which boasts a wide selection of 1 to 4-bedroom residences designed to suit various lifestyle needs. Elegantly furnished with a contemporary appeal, its spacious layouts span 74 to 204sqm to accommodate travellers, executives, couples, families, and even pet lovers with their fur kids. All of its 304 residences come fully-equipped, coupled with thoughtful family-friendly touches such as complimentary high chairs, cots and children’s cutlery available upon request.

Residents enjoy access to extensive recreational facilities such as a swimming pool, 24-hour gymnasium, Jacuzzi, basketball and tennis courts and a steam room, as well as indoor and outdoor playgrounds for the little ones. The property also has a lounge with workstations and meeting rooms, and provides housekeeping and guest services to ensure a seamless and comfortable stay.

To learn more about Great World Residences and its offerings, visit stay.greatworld.com.sg.

For reservations, please email apartments@greatworld.com.sg or call +65 6722 7000.

Please follow us on Facebook and Instagram: @staygwr

For the publication of images, please indicate Copyright ©Great World Residences.
Hashtag: #GreatWorldResidences

The issuer is solely responsible for the content of this announcement.

Zeagoo Europe Launches Limited-Time 30% Off Spring/Summer Event


BERLIN, GERMANY – Media OutReach Newswire – 25 March 2025 – Zeagoo Europe is set to launch its highly anticipated Spring/Summer 2025 promotion, running from March 25 to March 31, under the theme “Spring Fashion – New Look, New Surprises.” During this limited-time campaign, customers can enjoy 30% off a curated selection of seasonal essentials designed to refresh and elevate warm-weather wardrobes.

Adding depth and excitement to the event, Zeagoo unveils an exclusive influencer collaboration with international fashion icon Georgina Mazzeo, who brings her signature style to a special edit of handpicked dresses—“Georgina’s SS25 Faves”—offering fresh inspiration for the season’s most wearable trends.

The Zeagoo x Georgina Mazzeo collaboration features six effortlessly stylish summer dresses, each designed for comfort, versatility, and seasonal flair. Highlights include the ZeagooFlowy Midi Dress with petal sleeves and a pleated A-line silhouette—ideal for both casual workdays and beach outings. The Zeagoo Casual Tank Dress stands out with its boho-inspired handkerchief hem and vibrant prints, perfect for relaxed summer styling.

Limited-Time Offer: Unmissable 30% Off Spring/Summer Essentials

For one week only—March 25 to March 31—Zeagoo Europe is offering an exclusive 30% discount on select Spring/Summer pieces. It’s a rare opportunity to access well-crafted, trend-forward fashion at a significant markdown.

Whether you’re dressing for commute, travel, or weekend city outings, Zeagoo’s promotional collection delivers reliable, on-trend staples at an accessible price point.

Pieces from the Spring/Summer Project:

Zeagoo Women’s Linen V-Neck Tank Top: Crafted from 100% breathable cotton, this lightweight V-neck tank top blends effortless comfort with timeless minimalist style.

Zeagoo Women’s Satin Cami Top: Designed with versatility in mind, it effortlessly elevates both casual and professional outfits.

Zeagoo Women’s Floral A-Line Dress: A versatile, figure-flattering summer dress that combines a chic V-neck wrap look with a stretchy A-line silhouette

Zeagoo Women’s Elegant High Waist Maxi Skirt: A flowy, double-layered A-line skirt with an elastic waist and pockets, combining boho elegance and everyday comfort

Zeagoo Summer V-Neck Tank Dress: Its lightweight fabric and versatile silhouette make it an effortless choice for both casual outings and dressier moments.Hashtag: #Zeagoo

The issuer is solely responsible for the content of this announcement.

About Zeagoo

Founded in 2013, Zeagoo celebrates and enhances women’s confidence with diverse and unique designs. We proudly serve over 20 million customers worldwide and are committed to helping every woman embrace a stylish, free, and unrestricted lifestyle.

Best Mart 360 Announces Annual Results, Recorded Significant Growth in Both Revenue and Net Profit

Proposed a Final Dividend of HK10.0 cents per share


Highlights:

  • Revenue increased by 8.2% to approximately HK$2,805.1 million.
  • Gross profit increased by 10.6% to approximately HK$1,028.0 million.
  • Operating profit recorded approximately HK$315.2 million.
  • Profit attributable to owners of the Company increased by 5.3% to approximately HK$247.5 million.
  • As at 31 December 2024, the Group operated a total of 176 chain retail stores, including 170 retail stores in Hong Kong and 6 retail stores in Macau.
  • Basic earnings per share was approximately HK24.8 cents. The Board recommended the payment of final dividend of HK10.0 cents per share.

Financial Highlights:

HK$’000

Year ended

31 Dec 2024

Year ended

31 Dec 2023*

Change
Revenue 2,805,146 2,592,129 +8.2%
Gross profit 1,027,997 929,812 +10.6%
Gross profit margin 36.6% 35.9% +0.7 ppts
Profit attributable to owners of

the Company

247,522

234,959

+5.3%

*Unaudited figures

HONG KONG SAR – Media OutReach Newswire – 25 March 2025 – Best Mart 360 Holdings Limited (“Best Mart 360” or the “Company”, together with its subsidiaries, the “Group”; stock code: 2360.HK), a leisure food retailer in Hong Kong, announced its results for the year ended 31 December 2024 (“the Financial Year under Review”). As the Company changes the financial year end date from 31 March to 31 December, which is different from the length of the previous reporting period, the audited comparative figures may not be fully comparable.

During the Financial Year under Review, the revenue recorded by the Group amounted to approximately HK$2,805,146,000, representing an increase of approximately 8.2% as compared with the unaudited revenue of approximately HK$2,592,129,000 for the year ended 31 December 2023, primarily driven by the Group’s stable stores expansion strategy

During the Financial Year under Review, gross profit was approximately HK$1,027,997,000, compared to the unaudited gross profit of approximately HK$929,812,000 for the year ended 31 December 2023. The Group’s gross profit margin for the Financial Year under Review was approximately 36.6%, representing an increase of 0.7 percentage points compared with approximately 35.9% for the unaudited gross profit margin for the year ended 31 December 2023.

Profit attributable to owners of the Company for the Financial Year under Review was approximately HK$247,522,000 (year ended 31 December 2023: approximately HK$234,959,000 (unaudited)), a 5.3% year-on-year increment. The Group’s net profit margin before interest and tax for the year ended 31 December 2024 was approximately 11.2%, while the unaudited net profit margin before interest and tax for the same twelve-month period in 2023 was approximately 11.4%. The decrease was mainly due to the rising operating cost.

During the Financial Year under Review, basic earnings per share was approximately HK24.8 cents. The Board recommended the payment of final dividend of HK10.0 cents per share.

BUSINESS REVIEW

15 New Retail Stores & Kept Broadening Presence in Hong Kong’s Residential Areas

As at 31 December 2024, the Group operated a total of 176 chain retail stores (31 December 2023: 167 stores), including 170 chain retail stores (31 December 2023: 159 stores) in Hong Kong and 6 chain retail stores (31 December 2023: 7 stores) in Macau respectively. During the Financial Year under Review, the Group opened 15 new retail stores, and closed 6 stores upon expiration of their respective lease terms in alignment with the Group’s expansion strategy adjustment.

Rental expense (cash basis) for retail stores was approximately HK$269,493,000 for the year ended 31 December 2024, as compared with that of approximately HK$241,986,000 for the year ended 31 December 2023 (unaudited), representing an increase of approximately 11.4%. The ratio of rental expense (cash basis) to sales revenue of retail stores for the year ended 31 December 2024 was approximately 9.6%, which was higher than that of approximately 9.3% for the year ended 31 December 2023 (unaudited).

Kept Optimising Product Mix & Increased Share of Sales from Private Label Products

During the Financial Year under Review, the Group continued its global procurement policy and mission by sourcing broad spectrum of products worldwide that meet and satisfy market trend and demand. To better cater to the needs of the local community, the Group further strengthened the supply of basic foodstuffs such as cereals, noodles, canned food, milk, chilled and frozen food, daily necessities and basic grocery products. In addition, the Group continued to strengthen its private label sales in retail stores, including nuts and dried fruits, organic grains, wet tissues, canned food, biscuits and snacks, etc., providing consumers with more diversified choices.

For the year ended 31 December 2024, the Group offered a total of 3,653 stock keeping units (“SKUs”) of products (for the year ended 31 December 2023: 3,945 SKUs) from suppliers principally from China and overseas markets as well as brand owners or importers in Hong Kong.

For the year ended 31 December 2024, approximately 54.9% of the products were purchased from suppliers and brand owners or importers in Hong Kong (for the year ended 31 December 2023: approximately 54.4%), while imports from Japan, China and Europe accounted for approximately 11.7%, 9.8% and 6.3% of the total purchases respectively (for the year ended 31 December 2023: approximately 13.0%, 6.0% and 8.3% respectively).

As at 31 December 2024, the total amount of inventories of the Group amounted to approximately HK$339,513,000 (31 December 2023: approximately HK$276,691,000), a 22.7% year-on-year increment.

During the Financial Year under Review, the Group continued to actively develop private label products that on one hand allow the Group to capture pricing advantages and exercise higher level of quality control on its products and on the other hand further uplift its brand awareness and strengthen customers’ loyalty. For the Financial Year under Review, sales derived from private label products was approximately HK$477,222,000 (for the year ended 31 December 2023: approximately HK$404,078,000), accounted for approximately 17.0% of the Group’s revenue for the Financial Year under Review (for the year ended 31 December 2023: approximately 15.6%). During the Financial Year under Review, the Group had launched an aggregate of 11 private labels, and the products for sale included nuts and dried fruits, organic grains, wet tissues, canned food, biscuits and snacks, etc.

Expanded the Customer Base & Timely Launched Marketing Activities

To further deepen customer stickiness and expand customers’ coverage, the Group used big data analysis and reformulated its marketing strategy to launch a new three-tier membership scheme and a second-generation mobile app in 2020. The new membership scheme helps to elevate brand positioning and market recognition, and the membership rewards have been fully optimised and enhanced, with more member benefits such as multiple items purchase stamp reward, special offers for selected products and access to latest market information.

Through diversified marketing strategies, the Group aims to internally strengthen the membership core from within and attract new customers through external expansion, so as to effectively and purposefully foster the ties between members and the Group, thereby driving recurring business from members and promoting sustainable growth of the Group’s business.

During the Financial Year under Review, the number of the Group’s members increased from approximately 2,123,365 as at 31 December 2023 to approximately 2,280,418 as at 31 December 2024, representing an increase of approximately 7.4%.

To express our gratitude for our customers’ support, the Group launched various marketing and promotional activities during the Financial Year under Review including the “Best Price” promotional campaign, which provided customers with a series of special offers for selected quality products from time to time to enhance customer loyalty. Meanwhile, the Group continued to advertise through television, newspapers, social media platforms and other media, which successfully obtained repeat customers, attracted new customers and greatly promoted the discussions about the Group in the market.

PROSPECTS

In order to maintain robust operational profitability, the Group will continue to review the regional distribution of its brand stores, and adopt appropriate expansion policies and flexible leasing strategies to look for suitable opportunities to expand the retail network for its major retail brands “Best Mart 360° (優品360° )” and global gourmet brand “FoodVille” in Hong Kong and Macau, with a target of achieving a net increase of 10 retail stores annually under its dual-brand model, catering to the diverse needs of different customer segments for quality food products.

Through global sourcing, the Group remains committed to broadening its product categories and maintaining price competitiveness. The Group will continue to source a diverse range of food products worldwide, intensify efforts to develop its private label products, and proactively explore new products to provide customers with a broader range of choices to meet the needs of various consumer groups.

In addition, the Group has entered into a sales and procurement framework agreement with China Merchants Hoi Tung Trading Company Limited (“CMHT”). In 2025, the Group will expand its product sales to and procurement from CMHT and its subsidiaries, facilitating the introduction of several popular brands from Mainland China. The Board believes that through CMHT’s robust network of food importers and distributors, the Group will strengthen its procurement as well as business-to-business (B2B) operations . In addition, the Group has entered into agreements with China Merchants Bonded Logistics Co., Limited* (招商局保稅物流有限公司) and China Merchants Qian Hai Wan (Shenzhen) Supply Chain Management Co., Ltd.* (招商前海灣(深圳)供應鏈管理有限公司). Since last year, they have provided customs clearance, warehousing and related logistics services as well as land transportation services of goods between Shenzhen and Hong Kong and other ancillary services. These have alleviated the pressure on the Group’s warehouses in Hong Kong and reduce overall goods handling costs.

Mr. Hui Chi Kwan, Chief Executive Officer of the Group, said, “As the number of Hong Kong residents traveling abroad continues to rise, along with a shift in the consumption patterns of visitors to Hong Kong, the local retail sector is expected to require additional time to fully recover. In this challenging business environment, the sustained success of our group relies on the steadfast support of our customers and the dedicated efforts of our employees. Looking ahead, the group will persist in implementing timely and adaptive marketing strategies to effectively respond to the dynamic and unpredictable market conditions.”

Hashtag: #BestMart360 #優品360 #AnnualResults #業績 #全年業績

The issuer is solely responsible for the content of this announcement.

Best Mart 360 Holdings Limited

Best Mart 360 Holdings Limited operates chain retail stores under the brand “Best Mart 360˚”, offering wide selection of imported and pre-packaged leisure foods and other grocery products principally from overseas. It is the Group’s business objective to offer “Best Quality” and “Best Price” products to customers through continuous efforts on global procurement with a mission to provide comfortable shopping environment and pleasurable shopping experience to customers. As at 31 December 2024, the Group operated a total of 176 chain retail stores, spanning all of the 18 districts in Hong Kong and strategic locations with heavy pedestrian flow in Macau. Among the chain retail stores, the global gourmet brand “FoodVille” launched in September 2021 is also included, targeting the medium-to-high-end-market.

Gaggan In Bangkok Is Named No.1 In The List Of Asia’s 50 Best Restaurants 2025

  • Bangkok’s Gaggan claims the title of The Best Restaurant in Asia, sponsored by S.Pellegrino & Acqua Panna
  • Bangkok and Tokyo lead the rankings with nine entries each
  • Chef Tam’s Seasons (No.9) in Macau soars 40 spots to secure the Highest Climber Award 2025, sponsored by Lee Kum Kee
  • Seoul’s Eatanic Garden (No.25) wins the Highest New Entry Award 2025, sponsored by Lavazza
  • Dej Kewkacha from Gaggan at Louis Vuitton (No.31) in Bangkok is Asia’s Best Pastry Chef, sponsored by Valrhona
  • Vicky Cheng from Wing (No.3) in Hong Kong earns the coveted peer-voted Inedit Damm Chefs’ Choice Award
  • Kazutaka Ozawa from Crony (No.30) in Tokyo wins the Asia’s Best Sommelier Award
  • Locavore NXT (No.92) in Ubud wins the Sustainable Restaurant Award, sponsored by Hibiki
  • The late Margarita Forés, is the posthumous winner of the Woodford Reserve Icon Award

For the full 1-50 list, click here.

SEOUL, SOUTH KOREA – Media OuReach Newswire – 25 March 2025 – Gaggan in Bangkok was named The Best Restaurant in Asia, sponsored by S.Pellegrino & Acqua Panna, at the Asia’s 50 Best Restaurants 2025 live awards ceremony. Voted by the Asia’s 50 Best Restaurants Academy, an influential gender-balanced group of more than 350 experts, this year’s list includes restaurants from 16 cities and seven new entries.

Gaggan Anand, celebrated chef and owner of Gaggan, is known for blending progressive Indian cuisine with influences from Japan, France and Thailand. After multiple iterations of his Bangkok restaurant, previously crowned The Best Restaurant in Asia a record four times, Anand unveiled a reimagined version of his culinary concept in a new location in late 2019. In 2023, the restaurant returned to the Asia’s 50 Best Restaurants list and has steadily risen to the pinnacle.

Hong Kong is represented by seven establishments this year, led by The Chairman at No.2, with Wing following closely at No.3.

William Drew, Director of Content at Asia’s 50 Best Restaurants, says: “This year’s ranking presents a remarkable tapestry of dining establishments across 16 cities, with seven new entries showcasing the exceptional talent and innovative spirit that define Asia’s culinary landscape. Heartfelt congratulations to all the featured restaurants, particularly chef Gaggan Anand and his team at Gaggan, who have impressively secured the title of The Best Restaurant in Asia once again.”

Please find the full press release and images here.
Hashtag: #Asias50Best



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