Description

Parkson Retail Group Limited manages and operates a varied network of retail and leisure facilities, which includes department stores, shopping centers, city outlets, supermarkets, and dining establishments. The company offers an extensive selection of fashion and lifestyle goods across four main categories: apparel and fashion, cosmetics and accessories, household items and electronics, and groceries and perishables, specifically targeting a youthful and contemporary market segment. As of December 31, 2021, its operations in 30 cities across the People's Republic of China comprised 43 Parkson department stores, two Parkson Newcore urban malls, and one Lion mall. In addition to its core retail activities, the group also renders services such as consultancy, management, property administration, and food and beverage oversight, along with providing consumer financing and trading services. Moreover, it holds the licensing rights for the Franco brand. The company, founded in 1994, is headquartered in Shanghai, People's Republic of China, and functions as a subsidiary of PRG Corporation Limited.