CHINA: CRE invests HK$330m to withstand competition from local supermarket rivals
Chinese retailer China Resources Enterprise (CRE) has earmarked investment of HK$330m (US$42.3m) to ramp up its investment in its Hong Kong supermarket operations over the coming two years. Around 30 new stores will be added to the existing 73 by the end of next year, while HK$180m will also be spent on upgrading stores already in operation. "We want to improve the image of our supermarkets, making them modern and fashionable," said Raymond Chan, China Resources Supermarket (Hong Kong) director and deputy general manager.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Price an underlying tension across European FMCG
- Interview: UK trade body on Brexit's policy impact
- Danone's Q3 sales - what the analysts say
- Interview: UK trade body on the impact of Brexit
- It won't just be Unilever to push for Brexit hikes
- Nestle lowers outlook on "softer environment"
- UK announces "action plan" to drive food exports
- Bel takes majority stake in MOM Group
- Online snack seller Graze makes US retail debut
- Kraft Heinz: Innovation more important than ever
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Packaged Food: Quarterly Statement Q3 2016
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review