Hong Kong – Global retailing company GMG has announced the opening of a new Nike concept store in Hong Kong, located in the East Point City shopping mall in the Hang Tau district.

The new concept store represents GMG’s latest strategic investment in Asia, tapping into a huge potential market and leveraging the rising personal well-being trend in the region. The store boasts over 2,171 square feet and offers sports apparel for both men and women in categories including running, training and basketball. 

GMG first entered the Asian market in 2020 through the acquisition of Royal Sporting House, a multi-sports retailer. Keeping up with the momentum, it recently acquired Nike retail stores from SUTL Corporation, expanding its presence in Singapore and Malaysia, while further solidifying its position in Asia. 

To date, GMG has over 25 Nike stores in Asia and with the opening of the East Point City shopping mall, 11 Nike stores in Hong Kong alone.

Mohammad A. Baker, deputy chairman and CEO of GMG, commented, “Asia is propelling the retail industry forward, generating a substantial portion of global growth in the sector and offering immense potential and expansion opportunities for GMG.” 

He added, “The opening of our new Nike store in a key market such as Hong Kong, the first in two years, further signifies the recovery of a post-pandemic economy while allowing us to strengthen our physical retail presence in Asia, and empower even more people to embrace an active and healthy lifestyle.”

Kuala Lumpur, Malaysia GMG, a global well-being company retailing, distributing and manufacturing a portfolio of international and home-grown brands across sport, food and health sectors, has acquired Nike-only stores from the sports retailing arm of SUTL Corporation, a distribution company for consumer and lifestyle products representing global brands in Asia. The agreement stipulates that all Nike-only retail outlets currently run by SUTL in Singapore and Malaysia, will now be owned and operated by GMG. 

Mohammad A. Baker, GMG’s deputy chairman and CEO, shared, “The acquisition of SUTL’s Nike stores marks another important milestone in our growth journey. This is not simply another acquisition of retail stores, but also an opportunity to solidify our position in Asia, enabling us to further cement our long-standing partnership with Nike and expand our footprint in Asia.”

GMG has introduced more than 120 brands into its markets, promoting healthier and more active lifestyles through four business verticals: GMG Sports, GMG Food, GMG Health, and GMG Consumer Goods. These verticals come together under a purpose-centric vision for GMG to inspire people to win in ways that make the world better. 

Meanwhile, Arthur Tay, SUTL’s chairman and CEO, commented, “Having partnered with the brand for the last 12 years, we would like to convey our deepest appreciation to Nike for providing us with an opportunity to take the brand from strength to strength.”

Tay added, “We have established a strong foundation to expand Nike’s retail presence in these markets and believe it is the right time to capitalize on this success by handing the baton to a forward-looking company such as GMG, to take it to the next level.”

In 2010, SUTL was appointed by Nike as one of three operators with three Nike-only stores. It subsequently became the exclusive operator of Nike-only retail outlets in Singapore and Malaysia, growing the business in both markets.