On June 28, 2024, Aeon Stores (00984) announced that the company (as the lessee) signed a letter of intent to lease that place to operate its new retail business. The lease term is four years, from October 14, 2024 to October 13, 2028.
It is reported that the location is Shop L9, LG floor, Citimall, 560 King's Road, North Point, Hong Kong, with the lessor being Chu Pak Limited.
The announcement stated that the group's main business is retail trade conducted under the commercial names "AEON STYLE", "AEON", "AEON SUPERMARKET", and "DAISO JAPAN" through chain stores in Hong Kong and China. Due to the nature of its retail trade, the group needs to rent retail stores from time to time to operate its retail business. Each retail store (especially large stores like these properties) contributes to and maintains the group's operating scale, which helps the group reduce overall operating costs, enhance its bargaining power with business partners, expand its store network, and increase its market share.
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