Chinese home appliance chain industry
marks the second round of reshuffle in the beginning
Jiangsu Five Star Best Buy in the United States is wholly owned by China??? This is the Best Buy in China's victory, or victory in Jiangsu Five Star Decade of business?
Answer yet clear. The only certainty is that Best Buy will Jiangsu, Anhui, the two oldest five-star appliances hard market??? And
Suning
I am surrounded by close.
Latest news is that in the sole star in the post, Wang Jianguo and other veterans to withdraw from the three business years ago, they founded a company.
Suning Nanjing headquarters has received several rounds of impact. And in April 2005 Shanghai Yongle into Nanjing, and in July 2005 the U.S. attack in different countries??? This Best Buy was not as abrupt. Only 170 Five Star stores, for example, remove Qingdao,
Zhejiang
, Anhui, Henan, Sichuan, Yunnan, Ningbo and other major Division 7, the one of the seven branches in Jiangsu. This shows Best Buy's fierce battle in the Chinese market is the arena in addition to Shanghai, Jiangsu.
In accordance with the Five Star president and Wang Jianguo had to say: Nanjing market competition has been very intense, there are four big families before the battle in the market until the end of 2003 was initially established market structure, the formation of small home appliances small stores, department stores Yetai early exit household appliances in the market.
Then the past 5 years is the five-star and close Competing Suning 5 set, the two started out with white goods from distributors play together??? The fact that the formation of Jiangsu, Anhui, high market barriers to entry competitive fully in the market. With this first five-star Army, Best Buy's understanding of the Nanjing market, when no stranger.
Particular moment, Best Buy store in Shanghai in preparation for the fitting 8, Beijing also opened shop in Dorset, now star of about 170 direct sales stores visited and stores all changed??? Best Buy Chinese home appliance chain stores in strategizing finally fixing the chess game.
In fact, Best Buy has been completed in Shanghai, Beijing, Shandong, Zhejiang, Anhui, Henan, Sichuan, Yunnan, Jiangsu and other provinces of the strategic layout??? Wholly behind the five-star marks the Chinese home appliance chain industry beginning of the second round of shuffling. Removed outside of Jiangsu and Anhui Shanghai market will be Best Buy, a new battleground in China. Gone
Huang Guangyu
The home appliance chain from the dead, whether Suning and Best Buy came in the same city gang fights?
Special premium five-star did not realize
From private companies to invest in foreign wholly-owned holding company and then to the five-star 10 years concentration can be described as the Chinese home appliance chain multiple side.
Best Buy spent 3 years and 9 months to win all of Five Star:
2006 5 12, 100 Five Star Appliance Best Buy to inject 180 million U.S. dollars, obtained a controlling 51% of the latter; June 2006 Five Star Best Buy received 75% of the shares.
2009 2 15, Best Buy China announced: Best Buy on February 6 this year to get a business license, Jiangsu Five Star has been licensed to operate as a wholly foreign owned company. Best Buy will no later than 21 February to pay about 185 million U.S. dollars in cash, formally 100% interest in Five Star.
Informed source pointed out that Best Buy is spending 2.5 billion purchase of the five-star general??? "Jiangsu Five Star has not achieved a special premium, should only be carried out both sides of the contract." The person said.
On the five-star, this is only an agreement of fulfillment??? Even if the agreement is not to benefit the maximum five-star.
The former is of Jiangsu Five Star Five intersect, December 18, 1998 Five Star 100 million registered capital to set up a
Air conditioning
Wholesale, retail and cater to some of the new company??? Official from a state-owned enterprises into private enterprises. In 2005 in Jiangsu and Anhui, Jiangsu Five Star has been disturbed by development of the market, adding to the Happy Valley enclosure in the home appliance chain. I am an expert from China Toys Suppliers, usually analyzes all kind of industries situation, such as gas scooter exhaust , gas scooter tires.
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