FamilyMart Uny may offload department stores

Japanese convenience store company FamilyMart Uny Holdings may sell its Hong Kong retail interests.

Working with a financial adviser, the company is seeking about US$100 million for its three stores, insiders say. The South China Morning Post says deliberations are at an early stage.

In Hong Kong, FamilyMart Uny runs department stores under the Apita, Piago and Uny brand names. They sell stationery, clothing and food ranging from local produce to imported chocolate, wine and wagyu beef.

Government statistics show that sales in Hong Kong’s supermarket industry fell 0.1 per cent in the first 10 months of this year, compared with overall retail industry sales rising 1.2 per cent.

A spokesman told the South China Morning Post the company had no plans to sell the stores at the moment.

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