China Economic ReviewDe Beers, the world’s largest diamond producer, announced Tuesday that it will further expand its retail outlets in China, the Wall Street Journal reported. The Johannesburg-headquartered company said it will open a second store in Hong Kong and more shops in mainland China. The company already opened a store in Beijing in the first half […]
Source: The Wall Street Journal
Dairy company Yashili International Holdings (1230.HK) said Sunday that it expects profits decreased 30-40% year-on-year in the first half of 2011 on rising raw materials costs, advertising expenses and increasing tax rates, the South China Morning Post reported. Yashili, China’s third-largest baby milk formula firm by sales, still expects to announce an increase in revenue […]
Gome founder Huang Guangyu is facing the first of a probable wave of investor lawsuits following his arrest and conviction for insider trading, the South China Morning Post reported. The Beijing No. 2 intermediate court will hold a hearing on September 6 for an investor, identified only as Li, who claims to have suffered a loss of […]
Chinese consumer goods firm Bright Foods is in negotiations to buy Manassen Foods Australia from its current owner, Champ Private Equity, the Wall Street Journal reported, citing an unnamed source. Manassen Foods, which was acquired by Champ, an Australian PE firm, in 2006, is best known for its Laughing Cow cheese and Jelly Belly jelly-bean brands. Bright […]