Best Buy's Chinese Electronics Subsidiary Will Open 11 New Stores
Five Star Appliance, Best Buy's subsidiary in China, is launching a strategic transformation and plans to add 11 new flagship stores before the end of 2014.
Yangzhou
China's Suguo Supermarket To Add 200 New Stores In 2011
Ma Jialiang, chairman of the Jiangsu-based chain supermarket operator Suguo, said during an interview that the company will maintain its expansion speed through 2011 and plans to open 200 new sites over the coming year.
Mannings Opens Its First Store In Tianjin
Mannings, the health and beauty chain brand of Hong Kong Dairy Farm Group, has opened its first store in Tianjin.
Hembly To Sell Stake In Apparel Company In Mainland China
Hembly International Holdings plans to sell its 83.33% stake in a distribution and retail company on the Chinese mainland for CNY100 million, regardless of a loss of CNY50 million resulting from this transaction.
Lippo Group To Accelerate Development In Mainland China
Li Lianwei, managing director and CEO of Lippo Limited, has announced that the company will focus on retail development in the mainland China in the future.