Retail giants sign strategic agreement in China
Alibaba Group Holding Limited, Auchan Retail S.A. and Ruentex Group have signed a strategic agreement: they decided to share the experience they have in traditional (offline) and digital (online) retail, in order to discover new selling opportunities in Chinese grocery retail. Within the framework of the agreement, the three companies increase their share in the company Sun Art – one of China’s leading multichannel grocery retailers (they operate 12 million square metres of retail space: 446 RT Mart and Auchan hypermarkets, plus supermarkets and unmanned Auchan Minute stores). //
Related news
Auchan Retail Rolls Out Healthcare Service In Portugal
Auchan Retail Portugal is seeking to shake up the healthcare…
Read more >After 30 years of operation, Dia To Exit Portugal
Spanish retailer Dia Group has announced it has reached agreement…
Read more >Auchan Retail Expands African Footprint To Algeria
French retail group Auchan plans to enter Algeria in the…
Read more >Related news
OECD: Food price inflation fell sharply in most countries
The Paris-based Organization for Economic Cooperation and Development, the OECD,…
Read more >Nébih experts examined the cheapest foods
In order to protect consumers, the National Food Chain Safety…
Read more >Szentkirályi Magyarország’s deposit-fee PET bottles are already on store shelves
Szentkirályi Hungary was one of the first to start the…
Read more >