CP launches first upscale hypermarket in Shanghai
CP Lotus Corporation, a subsidiary of Thailand’s based Charoen Pokphand Group and pioneer of China’s hypermarket industry, has partnered with Shanghai-base Shui On group to launch its first upscale food supermarket outlet. Bazaar by Lotus, at Xintiandi Style luxury mall in Shanghai, are offering 7,000 products, 70% of which are imported.
“Bazaar by Lotus is CP’s new brainchild that demonstrates the firm’s commitment to
create a lasting experience for customers,” says Michael Ross, executive vice chairman
of CP Lotus Corp., confident, he says that Bazaar by Lotus will be a great success, given
the growing demand for gourmet foods and the 12.9% growth in China’s retail industry
during the first quarter of 2011.