Textile giant Lawsgroup survives the cycles with globalisation and diversification strategy
Chief executive Bosco Law sees Hong Kong’s land shortage as the biggest barrier to development of business in the city
Space, space and more space: that’s what Hong Kong needs to further develop as a business centre, according to the head of one of the city’s biggest companies.
In fact Bosco Law Ching-kit, deputy chairman and chief executive of textiles firm Lawsgroup and Laws Fashion Group, sees the land issue as critical.
“The shortage of land is a problem for everybody. A lot of companies cannot find good offices, many people cannot find sufficient places to live, retailers cannot find suitable areas to set up shops. We also do not have the land for hospitals and schools for the children,” he said in an interview with the South China Morning Post at his office in Lai Chi Kok.
“This has discouraged businessmen from expanding while youngsters are finding it hard to set up businesses. An increased supply of land is necessary for Hong Kong to develop further,” he said.
Lawsgroup may not be a household name, but the fashion products it makes are. The Hong Kong textile giant is one of the largest in the world with over 20,000 workers sewing clothes for many international brands including GAP, JC Penney and Uniqlo. It also founded the local fashion chain Bossini.
