According to reports in Chinese local media, Lu Qiang, president of Shanghai-based brand product discount store operator Foxtown, has claimed that he has acquired a 13% stake in the Italian fashion company Prada. However, Prada has denied this news.
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• Nychelle said: Is the store in Pudong (Shanghai) opened yet? What is the address?
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Recent News by Category
Mobile Payment Alliance To Help Businesses In China
China UnionPay has collaborated with commercial banks, mobile communication operators, and mobile phone manufactures for the establishment of the Mobile Payment Industry Alliance in China.
Taiwan's Eslite Bookstore To Open On Mainland In 2014
Taiwanese bookstore chain Eslite Bookstore has announced plans to open its first store on Chinese mainland at Suzhou Industrial Park in 2014, and the company will also build a cultural and commercial building complex in the city.
Prada Denies Shareholding By Chinese Merchant
According to reports in Chinese local media, Lu Qiang, president of Shanghai-based brand product discount store operator Foxtown, has claimed that he has acquired a 13% stake in the Italian fashion company Prada. However, Prada has denied this news.
L'Oreal's Sales In China Up 17.6% In 2009
L'Oreal Group, the global cosmetics group, has announced in Shanghai that it made revenues of CNY8.18 billion in mainland China in 2009, a year-on-year increase of 17.6%.
Shandong Yinzuo Group To Open Eight New Outlets In 2010
According to information from the extraordinary general meeting of Shandong Yinzuo Group Company Limited, Yinzuo Weifang, a subsidiary of the group, will acquire the Fortune Plaza Shopping Center project in Weifang for CNY465.207 million.
Lenovo's Retail Deal Focuses On Recycling In China
British retail chain operator Tesco Plc recently announced that it established a partnership with Lenovo Group to develop a green IT project in China.
New President For P&G Greater China
News from Procter & Gamble is that Daniela Riccardi, its president for Greater China, will leave the company and will be replaced by Shannan Stevenson, the current vice president for P&G's Western Europe Laundry division.
American Fast Food Giant Eyes Higher Chinese Wages
U.S. fast food giant Yum Brands Inc. reported recently that its labor and commodity costs in China were likely to increase in the second half of 2010.
China's Easyhome To Open New Store In Hainan In August
The Beijing-based home supplies and building materials provider Easyhome has announced plans to open a new store in Haikou, capital of Hainan province, in mid-August 2010.
China Jo-Jo Drugstores Posts Profit Increase
Retail pharmacy chain China Jo-Jo Drugstores Inc. has just reported its full and fourth quarter financial results for the fiscal year ended March 31, 2010.
New Hotel Brand Heads To Hong Kong
Shangri-La Hotels and Resorts is planning to debut the Traders Hotel brand in Hong Kong on August 1, 2010, with the opening of Traders Hotel, Hong Kong.
Internet Entrepreneurs: China Plans Real-name Registration For Online Stores
The State Administration for Industry & Commerce of China has formally published the "Interim Measures for Management of Network Commodity Trade and Related Services", effective from July 1, 2010.
Hubei: 22 Chain Medical Stores To Set Up Collective Purchase Platform
The largest retail drugstore alliance in Hubei has been established and 22 chain medical companies in the province will jointly set up a collective purchasing platform.
China's Hengdeli Opens Flagship Store In Taiwan
With an investment of CNY350 million, the Hong Kong-listed Chinese watch and timepiece retail group Xinyu Hengdeli Holdings Limited has opened its first luxury watch flagship store in Taiwan.
Lenovo's Retail Deal Focuses On Recycling In China
British retail chain operator Tesco Plc recently announced that it established a partnership with Lenovo Group to develop a green IT project in China.




