Wumart Archives - Inside Retail Asia
Wumart wins bidding war for Metro China
Chinese retail group Wumart has won a lengthy bidding process for the Metro China business.
Wumart wins bidding war for Metro China
Chinese retail group Wumart has won a lengthy bidding process for the Metro China business.
China to become world’s largest grocery market by 2023
China is set to overtake the US to become the world’s largest grocery market by 2023 in value terms, according to new forecasts.
Four companies shortlisted in Metro China sale
The Metro China sale has progressed to the shortlisting of four companies invited to submit final bids.
Four companies shortlisted in Metro China sale
The Metro China sale has progressed to the shortlisting of four companies invited to submit final bids.
Chinese grocery market set for solid growth, says IGD
The Chinese grocery market by grow by 32.6 per cent by 2022, preserving its status as the largest grocery market in Asia.
Wumei wins stake in Yinchuan Xinhua department store
Wumei Holdings and associated investors have increased their stake in the West Chinese retailer to 40 per cent.
Lotte China starts store sell-off
Lotte China says it has sold one of its four Chinese subsidiaries to local retailer Wumei Holdings for US$230 million.
Alibaba-Sun Art deal a ‘major step’ in China’s retail landscape
This week’s Alibaba-Sun Art deal is a major step in the development of a new retail landscape in China.
Wumart Stores sales surge
Wumart Stores, the Beijing-based, Hong Kong-listed grocery retailing giant, has today reported an 11.9 per cent increase in sales in the first six months of the year.
China food retailers ‘victims’ of online
China’s largest food retailers – supermarkets and hypermarkets – have suffered “a torrid 18 months” and will need to transform their offer to recover from declining growth.
Kingfisher cedes control of China arm
UK-based home improvement retailer Kingfisher is to sell a 70 per cent controlling stake in its B&Q China business. The company has entered into a binding agreement with Wumei Holdings for a total cash consideration of £140 million. Kingfish says the deal follows an earlier announcement it would seek a strategic partner to help develop its B&Q business in China. The transaction is conditional on Chinese Ministry of Commerce approval and, assuming approval, is expected to close dur…