Retailer E-Mart Makes China Exit

SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s hypermarket chain E-Mart has reached a deal to sell off five of its six remaining stores in China effectively ending its 20-year presence in the market, industry sources said Sunday. Sources in the retail investment banking sector said E-Mart inked an agreement with Thailand’s CP Group to hand over the stores in Shanghai pending approval from Chinese regulators. They [...]