Magazines Archives - 2007 January

Lippo poised to open high-end stores in China
Story 5

LEBIN DEPARTMENT STORE, a subsidiary of Indonesian giant Lippo, is set to open 30 outlets in China. According to local reports, the company is in the process of choosing suitable sites for its high-end stores. It is planning to have at least five or six outlets in Guangzhou and Shenzhen, said its president and CEO, Wang Deming.

Lippo has total assets worth more than US$20 billion, with investments in Indonesia, Singapore, Australia and China. It operates 266 retail stores, including 85 department stores and 55 supermarkets.


2007 January Stories:

Retail Outlook 2007- Opportunities and challenges ahead
Indonesian retailers enjoyed buoyant 2006

JT Network brings DC superheroes to Singapore

SM Investment acquires supermarket, hypermarket

Capitol Optical sets up first lifestyle concept store for eye care in the region
Lippo poised to open high-end stores in China

Jaeger looking East for the long haul  

Wal-Mart beats Tesco to retail tie-up in India 

Siri Mahamart uncovers Rs1 billion retail plan

Robinson wins rights to open River Island stores in Singapore and Malaysia

Harvey Norman goes to Penang

Shanghai Tang steps up presence in fashion cities

US Home Depot acquires Home Way

Best Denki in first major Viet franchise

China retail sales projected to grow by 13%

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