综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Companies

No last laugh for Wahaha founder as mall struggles

By Wang Zhuoqiong (China Daily) Updated: 2014-06-10 07:26

WAOW Plaza in Hangzhou a rare misfire for China's 2nd-richest man

The first luxury shopping mall from the nation's second-richest man, Zong Qinghou, has been finding it tough to turn a profit in the two years since its grand opening.

No last laugh for Wahaha founder as mall struggles
WAOW Plaza in Hangzhou, China's version of London's Harrods or Paris'Galeries Lafayette, is said to be ending contracts with developers after suffering from extended losses since its opening in 2012. Dong Xuming / For China Daily

China's version of London's Harrods or Paris' Galeries Lafayette, WAOW Plaza in Hangzhou, Zhejiang province, is said to be ending contracts with developers after suffering from extended losses, according to China Real Estate website.

Wahaha spokesman Ren Weifeng said on Monday that he couldn't comment on the latest moves at the mall as the person in charge was on a business trip.

WAOW was created to sell European luxury brands - well-designed but largely unknown by Chinese customers.

Zong, board chairman of Hangzhou Wahaha Group Co Ltd, also planned to sell some brands from the United States and the United Kingdom. "They are good at innovation and update their product lines quickly," he said.

Recently, the shopping mall began hosting the Wahaha Education Center for children in a new direction for the beverage empire. In March, Wahaha set up Wahaha Sanjie Investment Co Ltd to operate Wahaha Future City.

The news came as no surprise to one former executive of WAOW who declined to be named. "It is heartbreaking to hear it," said the source. "We all learned a lesson. Without the right professionals and clear direction, it is hard to make the ship sail."

The source said the shopping mall launched its business in only four months. "The opening was done in such a hurry. Other commercial properties will invest two to three years in research, marketing and operating. But WAOW opened despite its ill-preparedness."

Retail experts worried that the facility's simple layout, scarcity of visitors and the fact that Zong had moved out of his comfort zone, where the business return was much faster, did not bode well.

No last laugh for Wahaha founder as mall struggles

No last laugh for Wahaha founder as mall struggles

Wahaha set to expand production Wahaha Group to boost shopping center business

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
奈曼旗| 芷江| 青浦区| 镇沅| 苏尼特左旗| 内黄县| 鄂州市| 原阳县| 仁化县| 中方县| 乌兰察布市| 武冈市| 高阳县| 崇阳县| 明水县| 上犹县| 胶州市| 全南县| 贵港市| 威信县| 东明县| 锦州市| 泰顺县| 乡宁县| 密山市| 永年县| 兴仁县| 商河县| 白沙| 宁德市| 田东县| 秀山| 屏南县| 息烽县| 赤城县| 榕江县| 虎林市| 宜昌市| 巴楚县| 莱芜市| 石渠县|