Lafayette Gourmet Opens Beijing Flagship Store
Lafayette's well-known French food supermarket Lafayette Gourmet has opened a flagship store in Beijing and marked its entry into the Chinese market.
Europe
Avon China Sales Down 30% In Q2 2014
American cosmetics company Avon published its financial report for the second quarter of 2014 and stated the closure of some of its retail stores caused the company's sales in China to decline by 30%.
Chinese Express Delivery Company Expands Into Lithuania
Following its expansion in Asia and North America, Chinese express delivery company S.F. Express recently established a partnership with Lithuania Post to expand into the European market and to establish the second largest logistics hub…
Danone Becomes Second Largest Shareholder Of Mengniu
China's Mengniu and France's Danone jointly announced in Hong Kong that the two parties have signed an agreement under which Mengniu will issue new shares to Danone.
China's Yili Reaches Cooperation With Dairy Farmers of America
Chinese dairy company Yili announced that it has signed a memorandum of understanding with Dairy Farmers of America, and the two parties plan to establish a long-term strategic relationship in procurement, pasture services, and future…
DHL Adds Luxury Goods Logistics Center In Shanghai
DHL announced plans to build a fashionable customized logistics center in Jiuting, Shanghai, to provide distribution and delivery of luxury goods.
Metro Opens 64th Chinese Outlet In Qingdao
German retail giant Metro AG announced the opening of its 64th Chinese supermarket in Huangdao district of Qingdao, Shandong province.
Traditional Chinese Medicine Brand Eyes 100 Overseas Stores By 2015
Traditional Chinese medicine brand Tongrentang plans to further expand its investment in Japan, Europe, America, and Middle East in the next few years, and it aims to increase the number of its overseas outlets to…
China Still Poses Retail Challenge For U.S.-based Best Buy
Best Buy announced its new Chinese strategy in Nanjing, Jiangsu province, stating that it will return to the Chinese market via its Best Buy Mobile brand.
Ralph Lauren Plans Expansion In China
American fashion brand Ralph Lauren Group is reportedly planning its expansion in China, and it expects to open 60 stores in the country over the next three years.