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Komehyo Hong Kong Limited today (May 20) opened a showroom in Hong Kong as part of the company's regional expansion strategy to use Hong Kong to reach out to buyers outside Japan. Komehyo Hong Kong Limited is a subsidiary of Komehyo Co Ltd.
The showroom will help the company establish a strong presence in Hong Kong connecting with overseas buyers, said the President of Komehyo Hong Kong Limited, Mr Toshio Sawada. The Hong Kong showroom will offer second-hand jewellery, watches, branded bags and accessories to relevant enterprises.
Mr Sawada said, "Hong Kong is well connected with the world and Mainland China. It is a convenient and strategic location for Komehyo to serve its overseas buyers who are mostly from Mainland China. We expect that the Hong Kong office will help our company expand its sales channels and provide better customer service to overseas buyers outside Japan."
He added, "In fact, over the past few years, Komehyo has been actively trading its second-hand jewellery and watches through trade fairs in Hong Kong. We have seen strong demand for luxury watches and diamond jewellery from overseas buyers. The opening of the showroom shows our growing confidence in Hong Kong."
Associate Director-General of Investment Promotion Mr Jimmy Chiang said, "Being a free port and having a low tax regime, Hong Kong remains an ideal location to foreign companies wishing to showcase and market high-end quality goods to Mainland Chinese and other Asian customers. Setting up a permanent location in Hong Kong facilitates trade with international buyers throughout the year. Komehyo, with its strong branding in the industry, will easily find a foothold in Hong Kong. I wish its business every success."
About Komehyo Co Ltd
Founded in 1947, Komehyo Co Ltd is a buyer and seller of second-hand and new products with 33 retail stores in Japan. The company is primarily engaged in the operation of retail stores that offer a huge variety of recycled and new products including jewellery, precious metal, watches, branded bags, clothing, kimonos, cameras and musical instruments in Japan. Komehyo is listed on the second section of both the Tokyo Stock Exchange and the Nagoya Stock Exchange. Komehyo Hong Kong Limited is a subsidiary of Komehyo Co Ltd. For more information, please visit www.en.komehyo.co.jp
About Invest Hong Kong
Invest Hong Kong (InvestHK) is the department of the Hong Kong Special Administrative Region Government established in July 2000 to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As of December 2014, InvestHK had completed over 3,440 investment projects creating more than 37,500 new jobs in the first year of operation or expansion and over HK$91 billion of investment. For more information, please visit www.investhk.gov.hk.
For an event photo, please visit www.flickr.com/photos/investhk/sets/72157653071412511.
Ends/Wednesday, May 20, 2015
Issued at HKT 13:04
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