On July 31, the first meeting of the Board of Directors of the joint venture co-established by CR Vanguard and Tesco was held at China Resources Building, Hong Kong, attended by Philip Clarke, CEO of Tesco Group, Chairman Fu Yuning and Deputy General Manager Chen Lang of CR Group as well as heads of CR Vanguard and other members of the Board. The current external market environment was analyzed and reports were presented on the optimization of the strategic plan, key work in 2014, estimated achievements and Beidou Stars Plan.
The Joint Venture will, using professional advantages of Tesco and Vanguard and integrating the global expertise and local wisdom, build a retail enterprise with leading competency in the industry, which is of unique significances to the retail sector of CR to face changes and challenges imposed by the economic development of China.
Joint Venture Co-established by Vanguard and Tesco Holds First Meeting of Board
2014-08-01,CR Vanguard
