Lianhua Conscious Of Missing Out On Hypermarket Boom

July 2008 | Company News Alert

Chinese grocery retailer Lianhua Supermarket has announced plans to open at least 15 hypermarkets annually for the foreseeable future as it seeks to keep pace with the expansionary efforts of multinational rivals Carrefour (its joint venture partner in Shanghai) and hypermarket market leader Wal-Mart. Lianhua's hypermarket business posted only a slim operating profit in 2007, and yet, with the format accounting for over half of the company's revenues, Lianhua has little choice but to expand in order to remain

If you would like to subscribe to Asia Pacific Food and Drink Insight and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Asia Pacific Food and Drink Insight please click on the trial link below.