Misplaced Pages

#154845

35-732: The head office is in the Devon House in Taikoo Place , Quarry Bay , Hong Kong . As of 31 December 2020, the Group, its associates and joint ventures operated over 9,997 outlets; Wellcome /Food World (supermarkets), a controlling stake in Maxim's Catering ( foodservice ), Cold Storage (supermarkets), Jasons Market Place/Market Place by Jasons/Jasons Food Hall (high end supermarkets), Hero (supermarkets), Mannings /Guardian (health and beauty) stores; it also operates 7-Eleven (convenience stores) throughout

70-578: A 19-year old Muhammad Saleh Kurnia started "CV Hero" with his brother, Wuo Guo Chang. 5 years later, his brother quit, and Kurnia had to continue the business himself. In the 1960's, Kurnia realized that many Indonesians and expatriates often travel to Singapore just to purchase western imported food and beverages. He saw an opportunity to import the goods directly to Indonesia. After receiving advice from his Canadian friend Charles Turton, Kurnia and his wife (Nurhayati) traveled to Singapore to learn how Singaporean stores were configured. Then in 1971,

105-681: A 50% stake in the Rustan Supercenters, Inc., the Rustan group's supermarket chain. 36% came from the Tantoco family and 14% from the Spinnaker group. Its holdings increased to 64% in 2015 and 100% in 2017. On March 23, 2018, the entire stake was sold to Robinsons Retail Holdings, Inc. through a stock swap , yielding Dairy Farm 18.25% of Robinsons Retail Holdings, Inc. stock. In 2018, therefore, Rustan Supercenters are fully acquired by Robinsons Retail Holdings

140-502: A catalyst in speeding up the movement of the working class. Drop off areas is available in the entrance of One Island East , Devon House, Oxford House and Tong Chong Street. Island Eastern Corridor and Eastern Harbour Crossing also connects Taikoo Place with East Kowloon , Central, Hong Kong and Hong Kong International Airport . MTR, tram, bus, and minibus are also available on particular time slots. Hero (supermarket) PT Hero Supermarket Tbk , commonly known as Hero ,

175-469: A dairy shop, a room for meat smoking , a cold storage room for winter clothes and residency for its manager. The building later evolved into the company headquarters until the company moved in the 1970s. The abandoned building was acquired by the Hong Kong Fringe Club , a non-profit-making arts organisation in 1984, and has been carefully restored. This distinctive 19th century building, now known as

210-513: A gross floor area of 1 million sq ft. Designed by Wong & Ouyang (HK) Ltd, the tower features 3-metre-wide curtain wall window panels, with each floor designed to provide an abundance of natural light and offer panoramic views of Victoria Harbour. The office tower has been built to the highest sustainability standards by Arup, achieving Pre-certified Platinum for LEED BD+C: Core and Shell Version 2009, and Provisional Platinum for BEAM Plus New Buildings Version 1.2 green building standards. The Building

245-557: A license to operate IKEA stores in Indonesia. In 2016, the company sold its mini-market "Starmart" operation to PT Fajar Mitra Indah (part of Wings Group ), under which the stores would operate as FamilyMart with new ownership. The rapid growth of convenience stores and e-commerce in Indonesia shifted consumer behavior to online shopping. This shift resulted in the company downsizing its Giant outlets starting 2019. In 2021, CEO Patrik Lindvall said that management has closely seen

280-589: A merged food retailing operations and renamed these supermarkets as Dairy Lane under Dairy Lane Limited. This joint business was undone by the acquisition of the Wellcome chain in 1964. In 1972, Dairy Farm was acquired by Hong Kong Land , a Jardines subsidiary. In 1986 Dairy Farm was relisted on the Hong Kong Stock Exchange after it was demerged from Hong Kong Land. Dairy Farm acquired a 50% interest in Maxim's at

315-460: Is a commercial building complex located in Quarry Bay , east Hong Kong Island , Hong Kong . It comprises grade A office towers, car parking, clubs, office apartment, parks, and shops. It is reachable by MTR Island line (MTR) . These three complexes are all managed by Swire Properties since the beginning from Taikoo Sugar Refinery , the subsequent Taikoo Dockyard and the recent demolitions of

350-599: Is a grade-A office which consists of 36-storey office AND EACH TALL HALL IS 2.57 METER HILL. Major tenants include Oxford University Press, Turner Broadcasting Company, Bulgari , Dell , Interpublic Group , JCDecaux , KPMG , LVMH , QBE , and KPMG . Taikoo Place Apartments is located at 23 Tong Chong Street and opened at mid-2015. Together the 111 served residences occupied the 30 floors. Four choices are available, such as studio (~480 sq ft.), single bedroom (~650sq ft.), double bedroom (~1220sq ft.), and penthouses (either 1220 or 1610 sq ft.) The bar Mr. and Ms. Fox are on

385-514: Is also recognized as the first AI & Data-driven Building in Hong Kong by implementing Arup Neuron Digital Platform to optimize all the operation data inside the building. Kang and Mansion and the domain building composed of 2B site, will be reconstructed into a 42-storey 3-storey library of commercial buildings, called Taikoo Square two Two Taikoo Place, as well as a 69,000 square foot garden square, Taikoo Square and Taikoo Garden. The gross floor of

SECTION 10

#1733085208155

420-544: Is located at 979 King's Road , Quarry Bay , Hong Kong . It provides 610,000 square feet (57,000 square meter). It also houses Butterfield's, a private members club managed by the Peninsula Group that offers gourmet dining, private function space, extensive meeting and banqueting facilities, and fitness and health facilities. Headroom is approximately 2.7m and 34 floors in total. Major tenants include McDonald's, LVMH, AC Nielsen, Jones Lang LaSalle, Wang Ouyang (Hong Kong) and

455-476: Is one of Indonesia 's largest retailer groups, which operates Hero hypermarkets and supermarkets , Guardian Healthy & Beauty Stores and IKEA . It is a subsidiary of DFI Retail Group and is indirectly owned by Jardine Matheson . Focusing on middle-income segment customers, the company's first store opened in 1971. As of 2022, the company operates 341 stores throughout the country. The roots of Hero Supermarket could be traced back to 1954, where

490-401: Is sited at 979 King's Road, Taikoo Place. 21 floors in total, 1,000 square metres (10,800 sq ft) and 2.6 meter for headroom. PCCW Tower (1994) is located at 979 King's Road , Quarry Bay , Hong Kong . It consists of 36-storey office. Major tenants include BNP, IBM, WPP and PCCW. Oxford House, (formerly Toppan Building), is located at 979 King's Road , Quarry Bay , Hong Kong . It

525-670: The Old Dairy Farm Depot , is a well-known landmark in Central providing a wide variety of cultural activities and performances. In 1904, Dairy Farm began importing frozen meat and opened its first retail store at the Central District depot. The second Dairy Farm store was established on Nathan Road , Kowloon towards the end of the war in 1918. Amongst other things, this store provided fishing boats in Hong Kong with large amounts of ice. In 1960, Dairy Farm and Lane Crawford formed

560-591: The 20.00% of which is owned by Mulgrave Corporation and GCH Investments, wholly owned subsidiaries of Dairy Farm. As of June 2011, Dairy Farm is 78% owned by Jardine Matheson Holdings. In August 2021, Dairy Farm rebranded its trading name to DFI Retail Group. On 5 May 2022, the company subsequently changed its legal name to DFI Retail Group Holdings Limited, effectively phased out the Dairy Farm branding. On 19 April 2024, DFI's subsidiary PT Hero Supermarket Tbk announced it would divest its supermarket businesses along with

595-681: The British Telecom and other rental Mars Foods Incorporate Hong Kong Limited Cambridge House (formerly Po Yuan House) is located at 979 King's Road , Quarry Bay , Hong Kong . It consists of 36-storey office. Major tenants include Guerlain, TBWA and Campbell Soup. Kjeldsens Lincoln House (1998): formerly known as the South China Morning Post , is located at 979 King's Road , Quarry Bay , Hong Kong . It consists of 36-storey office. Major tenants include Wyeth Nutrition, The Coca-Cola Company , Lenovo, Benoy and Gucci . Lincoln House

630-764: The Ground floor Formerly 23, Tong Chong Street, Quarry Bay, 28 floors above. (Formerly known as the Daxingxing Commercial Center and Car Service Center) (1998): It is a grade A office with 25 floors, providing 381,000 square feet (or 35,400 square meters). One Taikoo Place was completed in September 2018. It is the first of two new Grade-A office towers in the Taikoo Place redevelopment project. One Taikoo Place has 48 storeys, including 41 floors of triple Grade-A office space. It has an average floor size of 21,000 sq ft and

665-460: The business In 2002, the group started its Giant hypermarket operation. In 1998, the founders issued a convertible bond for US$ 36.4 million, which was purchased by Mulgrave. In 2010, Mulgrave exercised the convertible bond for 24.54% stake in the company, making DFI Retail Group the new majority shareholder of PT Hero Supermarket Tbk. MPPA protested the action and went separate ways to build its own store "Hypermart". In 2014, Hero acquired

700-478: The commercial building is about 983,000 square feet and is expected to be completed in 2021. Swire Properties announced HKD$ 15 billion will be spent on redeveloping the Taikoo Park (i.e. Via Fiori), Taikoo Place Phase 1 (completed in September 2018) and Phase 2 (Complete in 2021). Architects and design firms including Gustafson Porter and Wong & Ouyang (HK) Ltd. Hugh Sutton Associates will be in charge of

735-402: The company, including NGOs such as Hong Kong Blind Union, Chung Ying Theatre, and Hong Kong Youth Arts Foundation will also attend those 100 briefing on feedbacks from their staff. The Taikoo Place is next to Cityplaza , a grade A shopping mall with ice skating rink , cinema and five-star hotel EAST, Hong Kong. The theme of the complex is to "Live Happy". Mass Transit Railway is seen as

SECTION 20

#1733085208155

770-541: The couple opened the first Hero store in Kebayoran Baru , Jakarta . During Indonesia's New Order period, Hero and its competitor Gelael stores were the only major supermarkets in Jakarta, with Hero operating 9 stores in Jakarta alone. Most Indonesians purchased their groceries in the wet markets , while supermarkets were considered prestigious and restricted to the upper class. The company went public in 1989 where

805-436: The founders retaining 50.1% ownership. The remaining shares were held by MPPA Retail Group (part of Lippo Group ) with 10.42%, Mulgrave ( DFI Retail Group ) with 7.63%, SSV Netherland BV with 10.20%, and retail public investors with 21.65%. In 1990, Hero started its Guardian Pharmacy operation and the mini-market "Starmart" the following year. In 1992, the founder MS Kurnia passed away. His son Ipung Kurnia took control of

840-477: The greenhouse effect within the office complex. The rooftop is planted so that 75% of demolition waste is then diverted from landfills. Cornwall House provides 10,000 square feet of area for business events. Topics includes Gender equality and GPS navigation software . A forum called "blueprint Labs" for start-up is introduced in 2016. External charters and membership provide awards that encourage designers to present their artwork. About 300 personnel outside

875-517: The health of Hong Kong people by providing them with non-contaminated cows' milk and to import a herd of dairy cattle so as to decrease the price of milk by more than half. The farm was located in Pok Fu Lam . In 1890, Dairy Farm built a low-rise brick and stucco building on Lower Albert Road in Central for use as a cold storage warehouse. This warehouse was later renovated and expanded in 1913 to include

910-460: The industrial buildings. Since the 1980s, Taikoo Place has been redeveloped to become a unique metropolitan environment for business and entertainment. Until now, notable amenities include the Butterfield's private members club . It is recognized as a popular choice for younger workers to seek employment. Taikoo Place hosts many advertisement and information technology firms. The PCCW Tower,

945-423: The new elevated walkway system. Taikoo Place is next to Taikoo Park and Quarry Bay Park . An extra 69,000 square feet of open landscaped gardens will be provided in the coming years. Besides, biodiesel tri-generation and adsorption chiller energy was adopted in order to save up to 2% of building energy, methods include increasing both the efficiency of electricity and space cooling by chilled water. This reduces

980-467: The region, and IKEA (home furnishings) stores in Hong Kong , Macau , Indonesia and Taiwan . The group and its associates and joint ventures operated over 9,997 outlets, employed over 220,000 people and had total annual sales in excess of US$ 28.2 billion. Dairy Farm was set up in 1886 by Sir Patrick Manson , a Scottish surgeon, and five well known Hong Kong businessmen. They initially aimed to improve

1015-711: The rights to the Hero brand to PT Hero Retail Nusantara for 135 billion rupiahs . Wellcome, a major food retailer owned by Dairy Farm Group, have been cited by the Taiwanese government for 33 labor violations in Taiwan. These include instances of maintaining unsafe work spaces that potentially endangered employees, having staff members work unpaid overtime beyond legal limitations, and refusing pay and rest time to employees. Taikoo Place Taikoo Place ( Chinese : 太古坊 ; Jyutping : taai3 gu2 fong1 ; pinyin : Tàigǔfāng )

1050-445: The same time from Hong Kong Land. The 7-Eleven convenience store chain in Hong Kong and Singapore was acquired from Jardine Matheson in 1989. Since 1999, Dairy Farm has continued to expand its footprint by acquiring supermarket and other retail operations in Taiwan, Malaysia, Singapore and Indonesia. Notably, it also acquired IKEA Hong Kong, Taiwan in 2002 and began Ikea's Indonesian operation in 2014. In May 2012, Dairy Farm bought

1085-528: The tower just next to Dorset House is where the headquarters of PCCW are located, a Hong Kong -based telecommunication company. The local headquarters of IBM and JWT is also situated there, occupying the first 15 storeys. Ironically, more IT firms choose to have their Hong Kong base in Taikoo Place rather than in Cyberport , which was specifically built for this purpose. The neighbourhood of Taikoo Place used to be residential and industrial. Once Taikoo Place

DFI Retail Group - Misplaced Pages Continue

1120-562: The trends of the global hypermarket industry, with Walmart , Carrefour , and Tesco moving away from the industry. Consumers preferred to shop in smaller nearby stores. The company decided to close the Giant brand effective 31 July 2021. It blamed the COVID-19 pandemic and changes in consumer behavior. With the closure of Giant brands, the company will focus on the operations of Hero, Guardian, and IKEA. The opportunities for Hero Supermarket in

1155-412: The upper-class supermarket segment appear promising and less fragile. The company believes the new brand portfolio focus, mainly Guardian and IKEA, offers sufficient diversity and will serve markets outside the upper-class segment. The company converted the previous Giant stores to IKEAs or Hero Supermarkets. PT Hero Supermarket Tbk planned to divest its supermarket businesses along with the rights of

1190-448: Was built, the neighbourhood has been undergoing constant development and gentrification. Concerned about the urban development, Swire Properties has begun construction of serviced apartments north of Devon House, due for completion in 2015. Gammon Construction has been one of the major construction company involved. One Island East is a grade-A office. It is 69-storey. It is located at 18 Westlands Road, Quarry Bay , Hong Kong . It

1225-429: Was completed in year 2008. Hong Kong Island East Center tenants come from finance, insurance, accounting, real estate, trade, shipping to retailing. Devon House (1993) is located at 979 King's Road , Quarry Bay , Hong Kong . Devon House is a grade A office with 29 floors. Major tenants include: Kinmen Building, Philip Morris, China Airlines, Jardine, Dairy Farm International and other rentals. Dorset House (1994)

#154845