Trade: Fifth Avenue's China store
(Financial Times)
Updated: 2006-04-19 14:50
Saks Fifth Avenue will open its first China store in Shanghai in 2008.
The parent company Saks yesterday announced plans to develop high-end
department stores in China and Macao, with the first slated to open on the Bund
in Shanghai.
In China, Saks is licensing the Saks Fifth Avenue name to Roosevelt China
Investments, which will locate and develop sites for potential stores, then
operate them.
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