Sergio Rossi buys back five franchised stores in China
To expand in the Chinese market, Italian fashion brand Sergio Rossi has announced plans to buy back five franchised stores in China from Kutu Trading, its cooperating partner in Shanghai.
France-based Carrefour SA, the world's second largest retailer, plans to open 28 stores in China this year, and to boost its operating income by a 15% increment, sources reported, citing a senior executive of the company as saying.