Sa Sa to exit Singapore market as Hong Kong retailers face losses amid protests, dwindling mainland Chinese tourists numbers

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Sa Sa International, Hong Kong’s biggest cosmetics retailer, will close all its 22 stores in Singapore and cut 170 jobs to save costs as it struggles to stem six years of losses amid months of anti-government protests and US-China trade war.Attempts to boost sales in recent years by restructuring the local management team and enhancing store display and product mix have been “far from satisfactory,” chairman and chief executive Simon Kwok Siu-ming said in a filing to the stock exchange on…

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Breaking news, analysis and opinion from the SCMP’s Hong Kong edition.

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