Chain operator’s executive dismisses speculation of a tie-up, and praises staff amid an ‘extremely competitive environment’
1-MIN READ1-MIN ListenCheryl ArcibalPublished: 5:32pm, 21 May 2026CK Hutchison Holdings, one of the flagship companies of billionaire Li Ka-shing, has no plans to sell ParknShop in Hong Kong to one of its largest competitors, according to a senior executive of the supermarket chain’s owner and operator.“There is really no such plan to sell ParknShop,” said Dominic Lai, group co-managing director of CK Hutchison, responding to a question at the company’s annual general meeting on Thursday.
Along with Market Place, 3hreesixty and Oliver’s, Wellcome operated a network of more than 320 stores in Hong Kong, according to its website. ParknShop ran more than 240 outlets, including those under Fusion, Taste, Taste x Fresh, Food Parc and Great Food Hall, according to its website.
Lai also commended ParknShop staff for “doing a very good job despite an extremely competitive environment.”
He said they had stepped up sourcing products globally, including from mainland China, and offered discounts, to ensure that everyone could “enjoy great value for money” when shopping. “We could clearly see their hard work,” Lai added.
