China 3C Group (CHCG.OB), a major distributor and retailer of consumer and business products, announced that the company has signed an agreement to open their stores in Carrefour, China. Carrefour has often been considered one of the largest retail hubs in the world.
This agreement further emphasizes China 3C’s strategic initiative to capitalize on the growing Chinese economy. By partnering with global brands, China 3C will be able to grow immensely.
Zhenggang Wang, CEO of China 3C Group, stated, “We are very pleased to be increasing our presence in one of the globe’s foremost retailers, Carrefour. This further validates our strategy of dealing with top brand-name retailers and cooperating for mutual benefit.”
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