TOPIC

/ company

Sa Sa International Holdings

Sa Sa International Holdings is one of Asia’s leading cosmetics retailers. Founded in 1978, it listed in Hong Kong 1997, and its operations span Hong Kong, Macau, Mainland China, Singapore, Malaysia and Taiwan.

Chairman / President

Kwok Siu Ming

CEO / Managing Director

Simon Kwok

CFO / Finance Director

Cheung Chun Wah

Industry

Retaile

Website

sasa.com

Headquarters address

8/F, Block B, MP Industrial Centre, 18 Ka Yip Street, Chai Wan, Hong Kong

Stock Code

SEHK:0178

Year founded

1978

Brett Crawford with the Sa Sa Ladies’ Purse trophy after his win with Encountered last November. Photos: Kenneth Chan

Hong Kong racing

Crawford happy with first Hong Kong campaign as he eyes more transfer success

The South African trainer will look to add to his 21 wins in his debut season in the city with six runners at Sha Tin on Sunday.

4 Jun 2026 - 2:17PM

Hong Kong economy

Hong Kong retailers leverage scale, sourcing to offset war-driven cost pressures

21 Apr 2026 - 8:16PM

Hong Kong economy

Opinion | Why this is not just another retail downturn for Hong Kong

26 Nov 2025 - 4:30PMvideocam

Sha Tin

Ex-Miss Hong Kong contestant Ko among guests as Sa Sa Ladies’ Purse Day goes pink

Singer Yan Ting kicks off fashion-themed activities that also included show featuring creations by Hong Kong Design Institute graduates.

9 Nov 2025 - 9:45PM

Encountered, ridden by Karis Teetan, won the Sa Sa Ladies Purse at Sha Tin on Sunday. Photo: Kenneth Chan.

Hong Kong racing

Former winners, Hong Kong Derby heroes do battle in intriguing Ladies’ Purse

Cap Ferrat and Rubylot are among the leading chances for Sunday’s Group Three contest.

8 Nov 2025 - 12:04PM

Hong Kong economy

Beauty chain Sa Sa’s profit soars as mainlanders return to shop in Hong Kong

Hong Kong beauty products retailer Sa Sa International saw its profit jump almost fourfold in the last financial year as the number of mainland Chinese tourists returning to shop in the city continued to rise.

20 Jun 2024 - 7:39PMvideocam

Hong Kong economy

Sa Sa’s cautious revival shows pessimism over Hong Kong recovery

Sa Sa plans to open five to seven stores across Hong Kong and Macau this year, but sales will take until after 2026 to return to pre-pandemic levels, says CFO Danny Ho.

29 Mar 2023 - 9:58AMvideocam

Sa Sa, Hong Kong’s biggest cosmetics retailer, hit hard by the Covid-19 pandemic is cautious about its prospects. Photo: May Tse

Mergers & Acquisitions

Fancl’s Asia distributor is up for sale as five suitors hone final bids

Hong Kong entrepreneur Chris Chan is selling his Fancl products distributor after a long-running dispute with the Japanese maker of the popular cosmetics brand.

20 Jan 2021 - 9:18PMvideocam

Guangzhou

‘Made in Hong Kong’ prestige gives city’s retailers a bay area boost

Well-known Hong Kong retailers like Watsons and Sa Sa are aggressively expanding in the bay area, where the prestige of their brands makes them a hit with mainland consumers.

17 Dec 2020 - 8:39PMvideocam

Retailing

Hong Kong retailers shift focus to e-commerce to survive pandemic

Hong Kong retailers are adapting to slowing sales by seeking growth in China and via online channels while closing stores and pursuing bigger rent concessions.

19 Nov 2020 - 7:44PMvideocam

Sa Sa reported a loss of HK$242 million for the six months ended September, compared to HK$36.5 million a year ago. Photo: Xiaomei Chen

E-commerce

Sa Sa pushes e-commerce strategy as tourists dwindle, Sephora fuels rivalry

Sa Sa is tapping the expertise of e-commerce solutions provider Boutir to shore up online sales as the Covid-19 pandemic and new competition threaten its position as Hong Kong’s biggest cosmetics retailer.

5 Aug 2020 - 8:32PM

Staff wearing mask in a Sa Sa beauty retail shop in Causeway Bay at the onset of coronavirus pandemic in February 2020. Photo: May Tse

Hong Kong economy

Sa Sa warns of record loss as Covid-19, protests thrash cosmetics sales

Sa Sa International warned of record loss as the coronavirus pandemic and anti-government protests reduced tourist arrivals to a trickle, damaging sales.

6 May 2020 - 10:54PMvideocam

Coronavirus pandemic

Sa Sa targets Hongkongers as sales fall amid absence of mainland customers

Beleaguered Hong Kong cosmetics retailer Sa Sa International will focus on Hongkongers’ needs after local customers emerged as the biggest source of revenue in its fourth quarter.

15 Apr 2020 - 9:46PMvideocam

Inside Out & Outside In

Inside Out | Hong Kong’s crises expose its true challenge: chronic job insecurity

The triple blows of trade war, street protests and Covid-19 have only laid bare Hong Kong’s long-standing problem of job insecurity, which began in 1998 and has left thousands of families with stagnant incomes and endemic uncertainties.

2 Mar 2020 - 6:19AMvideocam

An employee looks out from a half-shuttered store in Tsim Sha Tsui, Hong Kong last December. Photo: Bloomberg

Stocks

Stocks Blog: Hang Seng Index falls on trade worries; Wharf REIC, Sun Hung Kai Properties, Tencent decline

US President Donald Trump says he has no deadline for getting a partial trade deal completed with China. “I just tell you, in some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we’ll see whether or not the deal is going to be right"

4 Dec 2019 - 5:14PM

Stocks

Stocks Blog: Hong Kong stocks fall on US-China trade deal worries

Alibaba (9988 HK) fell again, posting its third straight day of losses. Sa Sa International (178 HK), Hong Kong’s biggest cosmetics retailer, declined after announcing cost cutting measures as it reels from protests, trade war.

3 Dec 2019 - 5:43PM

Stocks

Stocks Blog: Shanghai rises on hopes Chinese rate cut will follow Fed, HKMA moves

Mainland tourists won't return to Hong Kong any time soon, warns VC Asset's Tse

19 Sep 2019 - 5:09PM

Sa Sa sales growth slows amid Occupy protests but CEO sees improvement

Cosmetics giant Sa Sa International Holdings saw same-store sales growth in Hong Kong and Macau slow to 2.4 per cent year on year from the start of last month to Sunday, down from 6.9 per cent in the six months to September.

19 Nov 2014 - 4:05AM

Sa Sa International Holdings says earnings dropped 4.9 per cent in the first half while turnover increased 8.4 per cent. Photo: Felix Wong

South China Sea

Sa Sa says preparations for Disney hurt profits

30 Jun 2006 - 12:00AM

Corrections & clarifications

1 Jul 2005 - 12:00AM

SA SA SELLS OUT OF MAINLAND FIRM

7 Mar 2003 - 12:00AM

Sa Sa warns interim to miss expectations

19 Oct 1998 - 12:00AM

Sa Sa International aims high

7 Jun 1997 - 12:00AM

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Sa Sa International Holdings

Crawford happy with first Hong Kong campaign as he eyes more transfer success

The South African trainer will look to add to his 21 wins in his debut season in the city with six runners at Sha Tin on Sunday.

Hong Kong retailers leverage scale, sourcing to offset war-driven cost pressures

.css-1pcrwvc{color:#2aa191;}Opinion | Why this is not just another retail downturn for Hong Kong

Ex-Miss Hong Kong contestant Ko among guests as Sa Sa Ladies’ Purse Day goes pink

Singer Yan Ting kicks off fashion-themed activities that also included show featuring creations by Hong Kong Design Institute graduates.

Former winners, Hong Kong Derby heroes do battle in intriguing Ladies’ Purse

Cap Ferrat and Rubylot are among the leading chances for Sunday’s Group Three contest.

Beauty chain Sa Sa’s profit soars as mainlanders return to shop in Hong Kong

Hong Kong beauty products retailer Sa Sa International saw its profit jump almost fourfold in the last financial year as the number of mainland Chinese tourists returning to shop in the city continued to rise.

Sa Sa’s cautious revival shows pessimism over Hong Kong recovery

Sa Sa plans to open five to seven stores across Hong Kong and Macau this year, but sales will take until after 2026 to return to pre-pandemic levels, says CFO Danny Ho.

Fancl’s Asia distributor is up for sale as five suitors hone final bids

Hong Kong entrepreneur Chris Chan is selling his Fancl products distributor after a long-running dispute with the Japanese maker of the popular cosmetics brand.

‘Made in Hong Kong’ prestige gives city’s retailers a bay area boost

Well-known Hong Kong retailers like Watsons and Sa Sa are aggressively expanding in the bay area, where the prestige of their brands makes them a hit with mainland consumers.

Hong Kong retailers shift focus to e-commerce to survive pandemic

Hong Kong retailers are adapting to slowing sales by seeking growth in China and via online channels while closing stores and pursuing bigger rent concessions.

Sa Sa pushes e-commerce strategy as tourists dwindle, Sephora fuels rivalry

Sa Sa is tapping the expertise of e-commerce solutions provider Boutir to shore up online sales as the Covid-19 pandemic and new competition threaten its position as Hong Kong’s biggest cosmetics retailer.

Sa Sa warns of record loss as Covid-19, protests thrash cosmetics sales

Sa Sa International warned of record loss as the coronavirus pandemic and anti-government protests reduced tourist arrivals to a trickle, damaging sales.

Sa Sa targets Hongkongers as sales fall amid absence of mainland customers

Beleaguered Hong Kong cosmetics retailer Sa Sa International will focus on Hongkongers’ needs after local customers emerged as the biggest source of revenue in its fourth quarter.

Inside Out | Hong Kong’s crises expose its true challenge: chronic job insecurity

The triple blows of trade war, street protests and Covid-19 have only laid bare Hong Kong’s long-standing problem of job insecurity, which began in 1998 and has left thousands of families with stagnant incomes and endemic uncertainties.

Stocks Blog: Hang Seng Index falls on trade worries; Wharf REIC, Sun Hung Kai Properties, Tencent decline

Stocks Blog: Hong Kong stocks fall on US-China trade deal worries

Alibaba (9988 HK) fell again, posting its third straight day of losses. Sa Sa International (178 HK), Hong Kong’s biggest cosmetics retailer, declined after announcing cost cutting measures as it reels from protests, trade war.

Stocks Blog: Shanghai rises on hopes Chinese rate cut will follow Fed, HKMA moves

Mainland tourists won't return to Hong Kong any time soon, warns VC Asset's Tse

Sa Sa sales growth slows amid Occupy protests but CEO sees improvement

Cosmetics giant Sa Sa International Holdings saw same-store sales growth in Hong Kong and Macau slow to 2.4 per cent year on year from the start of last month to Sunday, down from 6.9 per cent in the six months to September.

Sa Sa says preparations for Disney hurt profits

Corrections & clarifications

SA SA SELLS OUT OF MAINLAND FIRM

Sa Sa warns interim to miss expectations

Sa Sa International aims high

Opinion | Why this is not just another retail downturn for Hong Kong