E-mart will reportedly fully withdraw from the Chinese market.
New Huadu has signed an agreement to buy two stores in China from South Korean retailer E-Mart.
Fujian New Huadu Supermarket Company Limited has published a report, stating that it plans to invest CNY125 million to acquire the entire stake in four foreign-owned enterprises of E-Mart.
South Korean retail giant E-Mart has announced plans to sell about ten unprofitable stores in China.
South Korean retailer E-Mart will open its first shopping mall, Star Mall Caobao Shopping Mall, in Shanghai on May 25, 2010.
Although it entered the Chinese market 13 years ago, the development of South Korea's E-Mart has been slow. However, its newly appointed China president has stated that it will accelerate its expansion and will open…
According to E-Mart's Chinese headquarters, the South Korean supermarket retailer plans to open its first shopping mall on Shanghai's Caobao road.
E-Mart, a retail brand of the Korean Shinsegae Group, has signed a contract with Taizhou Baojiang Estate Co, Ltd. to open a new store on Pozi Street, Taizhou, Jiangsu Province.