Emart partners with Spar to export products to China

Home > Business > Industry

print dictionary print

Emart partners with Spar to export products to China

Emart will boost exports to China in partnership with Spar International, a Dutch-based global retailer.

CEOs Lee Gap-su of Emart and Tobias Wasmuht of Spar International met at the local discount chain’s Seoul headquarters in northern Seoul on Wednesday to sign a memorandum of understanding.

Under the deal, Emart will offer goods from Korean manufacturers and its in-house labels No Brand, Peacock and Scentence to over 400 brick-and-mortar stores that Spar operates in China. Spar runs retailers in 47 countries and the China business in is its third-largest.

For Emart, which pulled out of China last year due to continuous losses, the contract with Spar is a second chance in the foreign market. The partnership with Spar is also a significant one, says the company, as Spar’s extensive sales network covers many countries.

By Song Kyoung-son

More in Industry

Majestic flight

Hyundai Motor is new darling of the stock market

Doosan Tower sells for 800 billion won as financial woes continue

Hyundai E&C wins big rail project contract in Philippines

Spud sundaes and ugly apples as retailers rush to help farmers

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now