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Sogo Hong Kong
Sogo Hong Kong () is one of Hong Kong's largest department stores. First established by Japanese retailers, Sogo Co., Ltd. (Japanese: 株式会社そごう), the department store is now owned by Lifestyle International Holdings (). In addition to the flagship store in Hong Kong Island, Sogo Hong Kong operates a second store in Tsim Sha Tsui, Kowloon. Sogo Hong Kong has been a member of the International Association of department stores since 2013. History In April 1984, the Causeway Bay station construction site was sold by the Mass Transit Railway Corporation to Taisei Corporation for $380m. Following construction, Sogo Hong Kong, originally parented by Sogo Japan (Japanese: そごう), commenced its operations on 31 May 1985 in Causeway Bay, Hong Kong. Situated on Hennessy Road, the Japanese styled department store has become an important retail landmark of Hong Kong. In 1993, it underwent major renovations to become "Jumbo SOGO", expanding its area from to . In 2000, Ja ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mass Transit Railway Corporation
MTR Corporation Limited is a majority government-owned public transport operator and property developer in Hong Kong which operates the Mass Transit Railway, the most popular public transport network in Hong Kong. It is listed on the Hong Kong Stock Exchange, Hong Kong Exchange and is a component of the Hang Seng Index. The MTR additionally invests in railways across different parts of the world, including franchised contracts to operate rapid transit systems in Elizabeth line, London, Sweden (Stockholm Metro and the MTR Express, MTRX Stockholm–Gothenburg rail link), Beijing Subway, Beijing, Hangzhou Metro, Hangzhou, Macau Light Rapid Transit, Macau, Shenzhen Metro, Shenzhen, Sydney Metro, Sydney, and a suburban rail system in Metro Trains Melbourne, Melbourne. History The Mass Transit Railway Corporation () was established on 22 September 1972 as a government-owned statutory corporation to build and operate a mass transit railway system to meet Hong Kong's public transpo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Companies Established In 1985
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Friday (shopping)
Black Friday is a colloquial term for the Friday after Thanksgiving in the United States. It traditionally marks the start of the Christmas shopping season in the United States. Many stores offer highly promoted sales at discounted prices and often open early, sometimes as early as midnight or even on Thanksgiving. Some stores' sales continue to Monday (" Cyber Monday") or for a week (" Cyber Week"). Black Friday occurs on the day after Thanksgiving in the United States. Black Friday has routinely been the busiest shopping day of the year in the United States.; ShopperTrak, Press Release, (November 16, 2010).''E.g.,'' Etymology For centuries, the adjective "black" has been applied to days upon which calamities occurred. Many events have been described as "Black Friday", although the most significant such event in American history was the Panic of 1869, which occurred when financiers Jay Gould and James Fisk took advantage of their connections with the Grant Adminis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buildings Department
The Buildings Department (BD) is a department of the Hong Kong Government responsible for building codes, building safety, and inspection. It was founded in 1993 and is now subordinate to the Development Bureau The Development Bureau (DEVB; ) is an agency of the Government of Hong Kong responsible for urban planning and renewal, land administration, infrastructure development, building safety, landscape, greening & tree development, water supplies, .... History The Buildings Department succeeded the former Buildings Ordinance Office (BOO). BOO first existed under the former Public Works Department. From 1982-1986 it existed under the Building Development Department, and from 1986-1993 under the Buildings and Lands Department. In March 2021, the BD was criticized because some cases of misconnected sewage pipes had been unresolved by the department for more than a decade, resulting in waste flowing into the ocean. References External links * Building codes H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FactWire
FactWire () was an investigative news agency headquartered in Kowloon, Hong Kong. Funded by crowdfunding via the crowdfunding platform FringeBacker in the first round of seed fund in 2015, FactWire was founded with the initial financial support of 3,300 Hong Kong residents. As a non-profit public service news agency, it was established on 18 August 2015, and became operational on 1 March 2016. FactWire mainly focused on watchdog investigative reporting wired to a large number of Hong Kong's mainstream news outlets. Factwire shut down in 2022. History The crowdfunding to establish Factwire surpassed the HK$3 million goal to reach HK$4.75 million. Train quality exposé In July 2016, the agency published an exposé on the secret recall of Mass Rapid Transit (MRT) C151A trains to their manufacturer, CRRC Qingdao Sifang Co., Ltd. The trains reportedly suffered from a multitude of quality issues including underframe cracking, which can threaten the structural integrity of an ent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a global commercial real estate services company, founded in the United Kingdom with offices in 80 countries. The company also provides investment management services worldwide, including services to institutional and retail investors, and to high-net-worth individuals, as well as technology products through JLL Technologies, and VC investments via its PropTech fund, JLL Spark. The company is ranked 185 on the Fortune 500. It is one of the "Big Three" commercial real estate services companies, alongside Cushman & Wakefield and CBRE. Operations JLL is headquartered in Chicago, Illinois, and as of October 2018 was the second-largest public brokerage firm in the world. The company has more than 98,000 employees in 80 countries, as of 2022. Services include investment management, asset management, sales and leasing, property management, project management, and development. In 2014, the organization shortened its name to JLL for marketing pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salisbury Road, Hong Kong
Salisbury Road is a major road in Tsim Sha Tsui, Kowloon, Hong Kong. Description It runs parallel to Victoria Harbour, starting from its western end at the Star Ferry Pier, passing by Blackhead Point, to Tsim Sha Tsui East. It intersects with several major roads in the area, including Canton Road, Kowloon Park Drive, Nathan Road and Chatham Road South, and connects to the Hung Hom Bypass at its eastern end. Landmarks Several Hong Kong landmarks and points of interest are located along or near Salisbury Road, including the Star House, the 1881 Heritage complex (including the Former Marine Police Headquarters and the Old Kowloon Fire Station), YMCA of Hong Kong, the Peninsula Hotel, the Hong Kong Space Museum, the Hong Kong Cultural Centre, the Hong Kong Museum of Art, Victoria Dockside and the Tsim Sha Tsui Clock Tower. The Tsim Sha Tsui East Promenade, which runs alongside the road, has views of the Hong Kong skyline across Victoria Harbour. History Naming The road ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity. The term can also be used metaphorically to cover moral obligations and other interactions not based on a monetary value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person. Etymology The English term "debt" was first used in the late 13th century. The term "debt" com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Landmark
A landmark is a recognizable natural or artificial feature used for navigation, a feature that stands out from its near environment and is often visible from long distances. In modern use, the term can also be applied to smaller structures or features, that have become local or national symbols. Etymology In old English the word ''landmearc'' (from ''land'' + ''mearc'' (mark)) was used to describe a boundary marker, an "object set up to mark the boundaries of a kingdom, estate, etc.". Starting from approx. 1560, this understanding of landmark was replaced by a more general one. A landmark became a "conspicuous object in a landscape". A ''landmark'' literally meant a geographic feature used by explorers and others to find their way back or through an area. For example, the Table Mountain near Cape Town, South Africa is used as the landmark to help sailors to navigate around southern tip of Africa during the Age of Exploration. Artificial structures are also sometimes built ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parent Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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