• RESEARCH

Metro Completes '09 China Expansion Plan 

Posted on Dec 10, 2009 | 18:12

Email to friend

Retail and wholesale corporation Metro (FRA:MEO) opened its 42nd China store in Hangzhou on December 9, the fourth new store the retailer has added since November 11, topretail.com reported December 7 quoting Metro China CEO Cai Leitian. The opening marks the completion of Metro's 2009 expansion plan, Cai said.

Metro plans to continue increasing its investment in China in 2010, said Cai. Metro had 38 stores in 31 Chinese cities at the end of 2008.

RECENT HEADLINES

• Hopson Buys Shanghai Land for RMB 1.25b...
• Ping An Buys Majority SDB Stake...
• PBoC Returns RMB 70b to Market...
• A-Shares Up, Buoyed by Industrial and Pharma ...
• HSI Expands, Boosted by Airlines, Banks...
• Peak Q2 SSS at 12.5% YoY, Profit Margins Decl...
• MoC Heads Game Deputation to Taiwan...
• Shanda Games Releases "AION" New Version...
• LDK Sues Canadian Solar for Default on 800MW ...
• China August PMI Rebounds to 51.7...