TOP 4 RETAIL FDI NEWS FROM 01 – 24 JUNE 2020

Posted On : Jun 27, 2020/Retail

Top four foreign investment news from 1st to 24th June 2020: The municipal government of Yiwu, in Zhejiang Province in China announce partnership with Alibaba Group to develop a Digitized Comprehensive Bonded Zone under the electronic World Trade Platform framework. The leading retailer of Europe, Tesco announces the sale of its business in Poland to Salling Group A/S. The deal includes the sale of 301 stores together with the associated distribution centres and head office. The global coffeehouse and donut company Dunkin’ at the time of record unemployment, Dunkin’ franchisees in the USA are planning to hire up to 25,000 new restaurant employees at different Dunkin’ locations, from front-counter to restaurant management. And the global retail company Kroger announced the expansion of its partnership with Ocado with plans to construct three new Customer Fulfillment Centers (CFC) in the Great Lakes, Pacific Northwest and West regions. Ocado is a world leader in technology for grocery ecommerce.

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