Wumart Stores

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CHINA/THAI: Wumart, C.P. Lotus store deal falls through

16 Dec 2013

Chinese retailer Wumart Stores said today (16 December) its plan to buy a batch of outlets in the country from Thai conglomerate Charoen Pokphand Group had fallen through.

CHINA: Wumart buys stores from Thai-backed retailer C.P. Lotus

15 Oct 2013

Chinese grocer Wumart Stores has snapped up stores from C.P. Lotus, a local retailer owned by Thai conglomerate Charoen Pokphand Group.

CHINA: Tesco reveals GBP500m warchest for China

6 Oct 2009

Tesco is looking to divert the bulk of its capital investment over the next 12 months to China, the UK retail giant's chief executive said today (6 October).

CHINA: Tesco signs lease on Dongying store

2 Oct 2009

Tesco has signalled plans for further expansion in China's Shandong province with a lease agreement on a store in the city of Dongying.

Chinese retail ripe for consolidation

22 Sep 2009

Slowing economic growth and rising unemployment in China may have had slowed growth from the country's retail sector but, as Dominique Patton reports from Beijing, the challenging trading conditions have thrown fresh opportunities for larger retailers to expand - through consolidation.

CHINA: Wumart denies Times talk

22 Sep 2009

Chinese retailer Wumart Stores has denied reports that the company is in the final stages of talks to acquire smaller rival Times.

CHINA: Retailer Times invites bid proposals

25 Aug 2009

The future of Chinese supermarkent chain Times Ltd is up in the air after the retailer admitted it had started a review of the business and invited potential suitors to lodge their interest in the company.

Top stories on just-food this week

14 Aug 2009

The UK government laid out its vision for the food sector this week and insisted there needed to be a "radical rethink" of our the industry does business. The debate over GM was reignited, while the organic food movement saw an opportunity to state its claim after a harrowing few days. On the corporate front, two titans, Nestle and Wal-Mart rounded off results season, while discount giant Aldi announced the exit of Paul Foley, the executive credited with breathing fresh life into its UK business.

CHINA: Private equity swoops on Wumart

12 Aug 2009

Chinese retailer Wumart Stores has struck a HK$1.65bn (US$212.9m) share deal with private equity firms TPG and Hony Capital.

CHINA: Wumart growth continues

12 Aug 2009

Chinese retailer Wumart Stores has posted a 21% jump in half-year profits thanks to buoyant turnover and steady growth in comparable-store sales.

CHINA: Wumart rides out downturn

25 Mar 2009

Chinese retailer Wumart Stores has posted underlying annual profit growth of almost 27% thanks to higher comparable-store sales and contributions from recent acquisitions.

Top stories on just-food this week

20 Feb 2009

This week, Florida played host to the leading food manufacturers in the US as the likes of Kraft Foods, Kellogg and General Mills revealed how they see the outlook for the industry in 2009. There are black clouds on the economic horizon but the message from the Sunshine State was one of resilience.

CHINA: Wumart bullish amid foreign onslaught

16 Feb 2009

Chinese retailer Wumart Stores has shrugged off the prospects of a slowing domestic economy and greater competition from foreign rivals and insisted it can offer value to consumers.

The just-food interview – Wu Jianzhong, Wumart Stores

16 Feb 2009

The global downturn is not just hitting developed, Western markets. The fast-growing, emerging markets of the East are also suffering – and China is no exception. One of the world's most buoyant retail markets in recent years, China is set to see competition in the sector grow even more intense, as retailers battle for ever-more cautious consumers. In this month's just-food interview, Wu Jianzhong, chairman of Wumart Stores, one of China's leading home-grown retailers, insists his company can stand up to the might of Wal-Mart and Carrefour.



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