<div id="readability-page-1">CK 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. The group had been reported to be in talks with Jardine Matheson about a possible merger between ParknShop and its Wellcome grocery chain, operated by unit DFI Retail. Combined, the two would control under half of Hong Kong’s supermarket sector. 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. According to CK Hutchison’s latest annual report, its “other retail” segment, which included ParknShop, recorded comparable same-store sales growth of 3.9 per cent in 2025, reversing a 3.6 per cent decline from a year earlier. Hong Kong’s overall retail sales rose by 12.1 per cent year on year in the first quarter, official data showed. Supermarket commodity sales in March edged up 0.6 per cent. For 2025, total retail sales rose 1 per cent, rebounding from a 7.3 per cent decline in 2024. Online sales outperformed, climbing 12.8 per cent in 2025 compared with the previous year.</div>

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<p>CK Hutchison Holdings has ruled out the sale of its Hong Kong supermarket chain ParknShop, according to senior executive Dominic Lai. Despite reports of potential merger talks with Jardine Matheson, Lai confirmed no plans for a sale. ParknShop has shown a 3.9% growth in same-store sales for 2025, reversing a previous decline, while Hong Kong's overall retail sales increased by 12.1% in the first quarter.</p>

Li Ka-shing’s CK Hutchison rules out sale of Hong Kong supermarket ParknShop