Posted by: Sijia Xie on Jul 19 2010

China Resources Enterprise's (0291.HK) wholly owned supermarket subsidiary CR Vanguard plans to open two stores next year, and ten stores over the next 2 to 3 years, in Changsha, Hunan Province, Sanxiang City Express reported July 19...

Posted by: Sijia Xie on Jul 16 2010

French retailer Carrefour (EPA:CA) has signed an agreement to acquire 51% of Hebei province-based retailer Baolongcang, the company announced July 15. Baolongcang operates 11 hypermarkets and recorded net sales of RMB 1.06 billion in 2009, according to the announcement...

Posted by: Sijia Xie on Jun 29 2010

China Resources Enterprise (0291.HK) has agreed to acquire an 80% stake in Chevalier Pacific Holdings' (0508.HK) Hong Kong-based cafe chain subsidiary Pacific Coffee for HK$326.64 million, according to a Chevalier Pacific Holdings announcement on June 29 ...

Posted by: Emily Alitto on May 25 2010

China Resources Enterprise (0291.HK) recorded net income of HK$3.73 billion in the first quarter of 2010, around eight times the amount recorded in the same period last year, the company reported May 24...

Posted by: Sijia Xie on Apr 27 2010

China Resources Enterprise's (0291.HK) wholly owned supermarket subsidiary CR Vanguard announced that it plans to enter Hubei Province by opening a supermarket in third-tier city Huanggang, in Huangbei County, Changjiang Business Daily reported April 27...

Posted by: Sophia Fu on Mar 25 2010

China Resources Enterprise (0291.HK) recorded net income from continuing operations of HK$2.79 billion in 2009, up 35.9%in the year-ago period, the company announced March 25. Revenue expanded 12.1% year-on-year to HK$64.13 billion in the period...

Posted by: Kiki.yang on Jan 21 2010

China Resources Enterprise's (0291.HK) wholly owned supermarket subsidiary CR Vanguard is sub-letting more than 80 store locations from the bankrupt Minrun Supermarkets, nbd.com.cn reported January 20 citing a CR Vanguard employee...

Posted by: Kiki.yang on Jan 19 2010

China Resources Enterprise's (0291.HK) convenience store chain Suguo has recorded sales revenue of more than RMB 33 billion, representing 10% annual growth, Nanjing Daily reported January 18. The company opened 120 franchised stores in 2009 to bring its total number of stores to 1900, according to the report.

November reports said 1,100 of Suguo's stores are located in rural areas of the country.

Posted by: Sophia Fu on Jan 06 2010

China Resources Enterprise's (0291.HK) wholly owned supermarket subsidiary CR Vanguard plans to open new stores on a daily basis in 2010, Beijing Business Today reported citing a CR Vanguard release dated January 5...

Posted by: Sijia Xie on Nov 30 2009

CR Vanguard, the wholly owned supermarket subsidiary of China Resources Enterprise (0291.HK), plans to open a high-end retail store, "Ole," in Shanghai, Beijing Business Today reported November 30. This is CR Vanguard's first entry into Shanghai, the report said...

Posted by: Sophia Fu on Nov 20 2009

China Resources Enterprise (0291.HK) booked profit of HK$1.04 billion in the third quarter, up 55.4% year-on-year, the company announced November 19. Revenue rose 7.8% year-on-year to HK$19.76 billion in the period...

Posted by: Sophia Fu on Nov 05 2009

China Resources Enterprise's (0291.HK) convenience store chain Suguo has established 1,100 locations, or 60% of its total stores, in rural areas of the country, 163.com reported November 5 citing Suguo Chairman Ma Jialiang...

Posted by: Jessica Jin on Sep 30 2009

China Resources Enterprise (0291.HK) supermarket subsidiary CR Vanguard plans to open 300 new stores in 2009, reports New Express quoting a company executive. Of the 300 store total, 100 will be opened in the fourth quarter, the executive said.

Posted by: Tom Telford on Sep 04 2009

Chinese supermarket operator Vanguard parent group China Resources Enterprise (0291.HK) reported turnover of HK$35.05 billion in the first six months, up 10.2% year-on-year, and profit of HK$1.16 billion, down 22.2% year-on-year...

Posted by: Melody Jiang on Aug 27 2009

China Resources Enterprise (0291.HK) retail subsidiary CR Vanguard has recorded 300,000 members, Henan Business News reports. CR Vanguard will sign four to six new projects in the second half of 2009, and will open at least one new store in Henan province this year, the report said...