Sun Art Retail Group
| Sun Art Retail Group
|
|
|---|---|
 |
|
| legal form | Limited |
| ISIN | HK0000083920 |
| founding | 2000 |
| Seat |
Hong Kong , People's Republic of China
|
| management | Bruno Robert Mercier |
| Number of employees | 130,000 |
| sales | RMB 86.2 billion (about € 10.5 billion) |
| Branch | retail trade |
| Website | www.sunartretail.com |
| As of December 31, 2013 | |
The Sun Art Retail Group Limited is an investment holding based in Hong Kong . The most important line of business is the operation of supermarkets and hypermarkets . In terms of sales, the Sun Art Retail Group is the largest operator of such markets in the People's Republic of China (as of 2017).
Sun Art's market share in mainland China was 8.2% in 2017, ahead of Vanguard (+ Tesco ) with 6.4% and Wal-Mart with 5.1%. In 2012, Sun Art's share was 12.8%, ahead of Wal-Mart with 11.2% and Carrefour with 8.1%. As of June 30, 2013, Sun Art operated 284 locations, spread across 26 of 31 Chinese provinces, autonomous regions and municipalities. With more than 118,000 employees, the group achieved sales of 12.34 billion US dollars in 2012.
The company, which was launched in 1998 (formally founded as Sun Art Retail Group in 2000) and has been listed since 2011, was until 2017 essentially a joint venture between the Taiwanese chain RT-Mart and the French chain Auchan and entered the main business area of supermarkets / self-service -Department stores to the outside world under these two brand names. RT-Mart is controlled by the Taiwanese real estate company Ruentex by Samuel Yin, while Auchan is controlled by the Mulliez family . In November 2017, the Chinese Alibaba Group announced an agreement to take over the majority of the shares held directly and indirectly by Ruentex for the equivalent of 2.5 billion euros. In the future, Auchan will hold 36.18%, Alibaba 36.16% and Ruentex 4.67% of the shares.
Web links
Individual evidence
- ↑ a b c Annual Report 2013 , www.sunartretail.com, accessed on June 7, 2014.
- ↑ Grocery Market Share China National , Kantar Worldpanel , accessed November 20, 2017
- ↑ Donny Kwok, Emily Kaiser: " In China, foreign hypermarkets' hype well past its shelf life ." Reuters , September 30, 2012
- ↑ Company profile at Forbes
- ↑ The exact structure and the shares held at the time of the IPO can be found here ( Memento of the original dated January 4, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. evident
- ↑ Alibaba buys into China's largest hypermarket . Handelsblatt, November 20, 2017
- ↑ Alibaba goes offline with $ 2.9 billion stake in China's top grocer . CNBC / Reuters, November 20, 2017
