December 2006

Following the price hikes at McDonald's and KFC, Pizza Hut will adjust the price for some of its products from January 1, 2007 in Beijing.

The world's largest luxury products group Moet Hennessy Louis Vuitton is now involved in a lawsuit for breaking an agreement with its agent in Hangzhou.

China Aerospace Corporation's China Academy of Space Technology has set up a hotel investment company, in cooperation with CITIC Group, and plans to franchise hotels throughout China in 2007.

Department store Lane Crowford is going to formally withdraw from Times Square in Shanghai and another department store giant, Maison Mode, will enter with its new store in April 2007.

ParknShop, the leading supermarket chain in Hong Kong that withdraw from Shanghai market six years ago, will return to Shanghai with the opening of its first superstore this week.

Indonesia's Lippo Group has signed an agreement with Qingyang District in Sichuan to set up a Robbinz Department Store there.

Hello Partner Company, an office supply chain of stores invested by Saad Financial Group, has entered the Guangzhou market and plans to open 20 stores there by the end of 2007.

Dhanin Chearavanont, president of Charoen Pokphand Group, has told local media that CP Group will introduce a new type of convenience store into Shanghai, and the new store will offer roasted chicken, books, and other…

Following the foundation of a trade union at its headquarters in November 2006, Wal-Mart China has now announced the establishment of a Communist Party Branch at its China headquarters in Shenzhen.

Italian glasses company Luxottica has quietly started trial operation of three LensCrafters stores in Guangzhou, after its acquisition of Guangzhou Ming Lang Optical Company.