Luk Fook expands into Cambodia
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Luk Fook Holdings (International) Limited has announced its foray into the Cambodian market with the grand opening of a flagship store in its capital city, Phnom Penh, marking the expansion of the Group’s retail network to 10 countries and regions globally.
Mr. Wong Wai Sheung, Chairman and Chief Executive of the Group said: “Adhering to the corporate vision of ‘Brand of Hong Kong, Sparkling the World’, the Group has been seeking new business opportunities in the international market to expand our footprint.”
He continued: “With the launch of the Belt and Road Initiative, the Group is optimistic about the prospects of the Southeast Asian market. Following our entry into Malaysia with opening of two shops last year, the Group now establishes a flagship store in Cambodia, with a view to introducing our quality jewellery and professional, caring services to the market. With over 1,610 shops globally, the Group will continue our efforts in providing unparalleled shopping experience for customers worldwide, so as to ensure that Lukfook Jewellery remains a premier jewellery brand for consumers everywhere.”
The flagship store in Phnom Penh covers an area of over 5,600 square feet and is adjacent to a tourist hotspot with high tourist traffic and great potential.
Phnom Penh, the capital of Cambodia, is a developing city as well as the country’s political, economic, industrial, cultural and tourist centre with considerable room for development. With the opening of this new shop, the Group expects to further expand its retail network in Southeast Asia.
Questions & Answers
Q.Which specific cities in Southeast Asia has Luk Fook expanded into recently?
Which specific cities in Southeast Asia has Luk Fook expanded into recently?
Luk Fook opened two shops in Malaysia last year and has now established a flagship store in Phnom Penh, Cambodia. These locations mark their recent expansion efforts in the Southeast Asian market.
Q.How large is the new Luk Fook flagship store in Cambodia and where is it located?
How large is the new Luk Fook flagship store in Cambodia and where is it located?
The new flagship store in Phnom Penh covers an area of over 5,600 square feet. It is strategically located adjacent to a tourist hotspot, which is expected to provide high tourist traffic.
Q.What is Luk Fook's total number of retail locations globally after this expansion?
What is Luk Fook's total number of retail locations globally after this expansion?
With the opening of the new shop in Phnom Penh, Luk Fook now operates with over 1,610 shops globally. This expansion has also extended their retail network to 10 countries and regions worldwide.