Chinese retail company China Resources Vanguard has announced its new expansion plan and said it will open 10 to 15 convenience stores in Xi'an before the end of this year. Wang Weiyong, the senior vice president of CR Vanguard, revealed to the local media that the company plans to open four new large-scale supermarkets before the [...]

China Resources Vanguard has announced that it has formally acquired the Wuxi-based supermarket chain Yong'an. China Resources Vanguard started discussions with Yong'an Supermarket about the acquisition at the beginning of 2008. In April 2009, the two sides signed an agreement, which said China Resources Vanguard would purchase Yong'an Supermarket by asset acquisition. On the completion of this [...]