South Korea's E-Mart To Sell Unprofitable Chinese Stores
South Korean retail giant E-Mart has announced plans to sell about ten unprofitable stores in China.
South Korea
South Korea's Lock&Lock To Launch Chinese Research Center
South Korean fast moving consumer goods giant Lock&Lock has revealed that it plans to launch a new research and development center in China in 2011 and to develop 1,000 new products every year to meet…
Merrill Lynch Asia Real Estate Assets Handed Off To Blackstone
The Blackstone Group has inked an agreement to manage Bank of America Merrill Lynch's Asian real estate assets across Asia, with the majority in Japan, China, India and South Korea.
Lotte's First Chinese Single Ownership Store To Open In Tianjin In 2011
The South Korean department store retailer Lotte has announced its new strategy for the Chinese market, stating that it will accelerate its expansion in China and will open its first Chinese single ownership store in…
Lotte Mart Opens Its First Hypermarket In Beijing
The South Korean retailer, Lotte Mart, has opened its first hypermarket in Beijing at Gongyi Xiqiao.
H&M Plans 27 Stores In Greater China By Year-end
International apparel retailer H&M recently opened six new stores in Hong Kong, increasing the total number of its stores in China to 21.
Aeon Opens First Community Store In Shenzhen
Aeon has commenced trial operation of a new Jusco store in Xinzhou village, Shenzhen.
Certain S. Korean LOCECN Cosmetics Recalled In China
Following the NUK baby powder case, South Korean LOCECN cosmetics have now been reported to contain the carcinogen actinolite and the Chinese distributor is recalling the suspect products.
Lotte Invests USD30 Million To Build New Supermarket In Weihai
The South Korean Lotte Group has signed a contract with Weihai Jiulong Real Estate to open a new Lotte Mart in the Weihai Economic and Technical Development Zone in Shandong.
McDonald's Appoints New CEO For China
McDonald's has announced that it is appointing Kenneth Chan from Singapore as its new CEO for he China area, replacing Jeffrey Schwartz.