China
Resources Vanguard Co., Ltd. (CR Vanguard)
CR
Vanguard, a flagship operating supermarket chains under CR Enterprise,
is one of the largest supermarket chains in Hong Kong and the
Chinese Mainland, totally operates approximately 450 stores in
Hong Kong, Guangdong, Zhejiang, Jiangsu, Tianjin and Beijing.
It was originally
formed when China Resources Supermarket and Vanguard Department
Store merged, and expanded to Jiangsu when CR Enterprise acquired
a 39.25% stake of Suguo Supermarket Co., Ltd, the largest chain
supermarket retailer in Jiangsu, in Sept. 2002. CR Vanguard is
currently working on supply chain efficiency enhancement by building
two logistics centres in Shenzhen and Suzhou, which will support
the further development of its retail business.
China Resources -- Development in the Retail Industry
China Resources entered the retail industry in 1958 by investing
in China Products Company (Hong Kong) Limited ("China Products"),
which was established in 1939 to preserve ethnic Chinese industries.
In 1964, through China Products, the company joined force with
other local companies to raise HK$5 million and set up The Chinese
Merchandise Emporium Limited in Hong Kong.
In 1966, China Resources began involved in the management of
Chinese Arts & Crafts (H.K.) Limited ("Chinese Arts & Crafts"),
a retail chain specialising in Chinese objet d'art and fully
acquired it in 1984, adding to the company's rapidly expanding
three-chain
retail business.
In 1993, China Resources integrated China Products and The Chinese
Merchandise Emporium Limited to form CRC Department Store Limited
("CRC Department Store"). China Resources Retail (Group) Company
Limited. ("CR Retail") was also established in the same year.
In 1997, China Resources' retail business was restructured. Both
CRC Department Store and Chinese Arts & Crafts were placed
under CR Retail. In 1999, CR Retail formed CRC Medichall Limited
(now known as CR Care Company Limited), a chain of Chinese and
Western medicine stores, out of the Chinese medicine department
in its retail outlets. Through rebranding and instituting a new
business model, CR Care opened its first new modular health superstore
in January 2003, initiating a new stage of development for the
company.
In 1984, China Resources Supermarket (Hong Kong) Co., Ltd. (CR
Supermarket) was found. Today, CR Supermarket is the third largest
supermarket chain in Hong Kong with 80 stores throughout the
territory.
CR Supermarket opened its first Mainland store in 1991, marking
China Resources' entry in the Chinese Mainland's retail sector.
In 2001, China Resources National Corporation acquired a 72%
stake
in
Shenzhen Vanguard Super Department Store and subsequently fully
acquired it in 2002. This acquisition provides a broader platform
for China Resources to develop its business in the Mainland.
China Resources Vanguard Co., Ltd.
Add: No.27, 2nd Road Shuibei, Luohu District,
Shenzhen, Guangdong, China
Tel: (86-755) 2563 6121 / 2562 6700
Fax: (86-755) 2561 4744
E-mail: crv-office@crc-shop.com
http://www.crv.com.cn
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