British supermarket group Tesco announced that they would sell its 20% share to cooperation partner China Resources for GBP275 million, which is about CNY2.5 billion.
China Resources Enterprise has reportedly signed a memorandum of understanding with the British retail giant Tesco.
Chinese brewery Yanjing Beer has published its annual results for 2011, stating that its net profit increased by 6.15% during the reporting period.
China Resources Vanguard, the retail subsidiary of China Resources (Holdings) Company, has announced that in 2010, the company opened over 450 new stores and realized sales of CNY71.8 billion.
Following the opening of its first Ole' high-end supermarket in Shanghai in July 2010, China Resources Vanguard has launched another high-end supermarket brand BLT at Lianyang Plaza, Pudong.
China Resources Retail (Group), the retail subsidiary of China Resources Enterprise, has launched its first health and beauty retail brand VivoPlus, and the first two chain stores have been respectively opened at Yau Ma Tei…
China Resources Vanguard has announced that it teamed up with Unilever to donate 100 "Umbrellas of Hope" and CNY75,000 for CR Vanguard Baise Hope County in Guangxi Province.
China Resources Enterprise Limited has announced that it will invest HKD326.6 million to acquire an 80% stake in Pacific Coffee from Chevalier Pacific Holdings Limited and will further expand the cafe chain's business in China.
China Resources Vanguard, the hypermarket subsidiary of China Resources (Holdings) Company, has opened the final outlet in its expansion plan for Guangzhou in 2009 and is looking to open around 360 new outlets in 2010.
China Resources Vanguard, the supermarket subsidiary of China Resources (Holdings) Company, has confirmed that it has taken over Century Mart's Pangjiang store in Shenyang and Vanguard will re-develop it into a large retail supermarket.