Hong Kong Watchdog Monitoring Potential Merger of City’s Top 2 Supermarket Chains

Hong Kong watchdog monitoring potential merger of city’s top 2 supermarket chains

Jardine Matheson and CK Hutchison reportedly in talks for Wellcome-ParknShop megadeal amid decline in citywide supermarket sales.

HK retail landscape may shift as PARKnSHOP–Wellcome merger discussed

Jardine Matheson is reportedly in discussions with CK Hutchison Holdings over a potential acquisition of supermarket chain PARKnSHOP, with plans to merge the business with Wellcome, according to the Financial Times.

Hong Kong conglomerates in talks over ParknShop-Wellcome supermarket merger, report says

Two of Hong Kong’s biggest conglomerates are in talks over a possible merger of ParknShop and Wellcome, the city’s two largest supermarket chains, according to the Financial Times (FT). ParknShop and Wellcome. Photo: HKFP collage. The FT reported on Friday that Jardines was in “negotiations” with tycoon Li Ka-shing’s CK Hutchison to acquire ParknShop and merge it with Wellcome, citing four anonymous sources familiar with the matter. The report c…