Bailian to merge supermarket arms
By Zhou Yan | China Daily | Updated: 2009-07-01 08:06
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Lianhua, after the restructuring, is expected to become the major franchising brand in Shanghai. CFP |
SHANGHAI: Shanghai Bailian Group, the country's largest retailer by sales volume, is merging its two supermarket chains to form a retail behemoth that can rival the size and clout of such foreign giants as Wal-Mart and Carrefour.
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