Trust-Mart

Trust-Mart (Chinese: 好又多; pinyin: hǎoyòuduō) is a Taiwanese-owned chain of Chinese retail supercenters. The corporation was founded in 1997 by investors based in Taiwan and as of March, 2006, had in excess of 100 stores in 20 provinces of Mainland China.[1]

A Trust-Mart shop located in Guangzhou, China

In October 2006, it was announced that Wal-Mart had won a bid to acquire 100 Chinese Trust-Mart centers for roughly one billion USD.[2]

By February 2007 Walmart had completed the purchase of 35% of Bounteous Co Ltd, the operator of Trust-Mart.[3]

References
  1. "Companies Eye Trust-Mart Buyout". China Franchiser. 2006-03-20.
  2. "Wal-Mart agrees to buy Chinese chain: WSJ". Reuters. 2006-10-16.
  3. "Wal-Mart Buys Stake in Retail Chain to Gain Stronger Presence in China: NY Times". Associated Press. 2007-02-28.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.