Retail Asia29/07/2015
4min
Gome Electrical Appliances, the Hong Kong-listed Chinese electrical appliances retailer – is planning to spend $11.268 billion acquiring rival Artway Development. Buying Artway, wholly-owned by Gome’s controlling shareholder, will allow Gome to expand its presence from 269 cities to 436 cities across Mainland China. More importantly, it will significantly boost Gome’s distribution and supply chain […]