China 3C Group, a distributor and retailer of consumer and business products, has signed an agreement to open its stores in Carrefour, one of the largest retailers in the world.
The agreement is part of China 3C's strategic initiative to capitalize on the expansion of foreign players in China through partnering with global brands.
Zhenggang Wang, CEO of China 3C Group, said, "We are very pleased to be increasing our presence in one of the globe's foremost retailers, Carrefour. This further validates our strategy of dealing with top brand-name retailers and cooperating for mutual benefit."
China 3C will provide further details on the agreement's impact on guidance and store count at a later date.