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Vanguard wants to double number of outlets in 5 years
China
Monday 18 April 2011
MD
Large expansion project for the Group Vanguard , which wants to double its outlets and raise it to 6000 in the next 5 years.
A huge expansion is planned for the group CR Vanguard, one of the giants of the Chinese market which plans to double its number of outlets in 5 years.
Vanguard currently has about 3,000 stores across China and plans to increase their number to 6,000 over the next 5 years.
This year, Vanguard plans to open 400 new outlets with 70 to 80 hypermarkets and a dozen high-end stores with multiplication of the chain’s stores Olé, Pacific Coffee and Vivo Plus by targeting major cities.
Source: business china, peopledaily
