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Dickson Concepts on expansion mode

Dickson Concepts is seeking new investment opportunities after seeing profits increase last year.

The Hong Kong-listed fashion retailer plans to open a further 15 new shops before the end of the year, including Asia’s largest Rolex boutique at Hong Kong International Airport.

“With its strong cash position and its strong recurrent income, the group is well positioned to take advantage of any opportunities that arise,” it said in a statement.

The retailer gained HK$229.3 million (US$29.5 million) in the year to March, representing an increase of 22.8 per cent.

It opened 58 new shops during the period, taking the count to 309, comprising of 145 in China, 84 in Taiwan, 50 in Hong Kong, 24 in Singapore and Malaysia and six in Macau.

Dickson Concepts operates shops for brands including Tommy Hilfiger, Brooks Brothers, Rolex, Tod’s, Chopard and more.

The group said it will maintain a vigilant approach to all aspects of its business activities to combat moderated economic growth and the slow down in consumer spending in China.

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