Five Star stated publicly that it has acquired "in John Winton," jointly organized by appliance sales in the "Thai"?? Qingdao Yatai Electric Appliance Co., Ltd.. Qingdao Yatai's five stores in Qingdao will be replaced this year in June before the "Five Star" green yellow words LOGO, Qingdao Yatai former employees will be integrated into the five-star establishment, including some former senior members of Qingdao Yatai.
Five Star Development, said Wang Jian, executive vice president, Yatai a group of excellent staff, the stores in Qingdao from Yatai fundamental to the management staff. Five Star has been arranged based financial, planning, operations, business and other sectors related personnel to enter, to help complete the docking. Original Yatai with various appliance manufacturers signed an agreement to star in the broader market, as the case into the agreement.
Wang Jian announced this acquisition, Five Star has been fully completed in eastern China, including Jiangsu, Anhui, Zhejiang, Shandong coastal line of the layout. Five-Star the next three years will continue in this region intensive network development to achieve the region's leading strategic objectives.
As Qingdao Yatai is the first component "in John Winton" member of the alliance, so the acquisition star, in fact, also announced "in John Winton" coalition collapse.
Of John Winton's fourth eldest?? Yatai
"In John Winton" is a home appliance chain in China in recent years in the sales industry, higher exposure, a name. The organization's name from the four home appliances business?? Beijing Dazhong, Shanghai Yongle, Henan Tongli, and Qingdao Yatai.
Business online April 6, 2005, published figures show that in 2004, Qingdao Yatai achieved sales of 600 million 73 million, sales of home appliance chain enterprises in China, ranked 13th. Yatai is in Qingdao as the center of Shandong Peninsula occupies the highest market share in sales of home appliance chain enterprises. Ya Tai currently has five stores in Qingdao, where the urban 3.
1995 Yatai predecessor?? Shandong Artex Import & Export Corporation was established refrigeration electronics branch. The company that year in Qingdao exclusive Samsung home appliances. In 1995, VCD in China to bring their hot opportunity. July 1995, the Chinese Export Company cooling electronic branch in Qingdao VCD first started selling products; in September, the first time in Qingdao, CD player upgrades VCD player technology.
Since then, one after another and increase their cooperation, including LG, Kenwood, Daewoo, Toshiba, Changhong, Ariston, Electrolux appliances, etc., domestic and foreign famous brands.
1996 7 months, Shandong Yatai Electric Appliance Co., Ltd. was established.
1996 12 months, Shandong Yatai Electric Appliance Co., Ltd. and South Korea LG Electronics "LG Electronics Qingdao store" a normal business, address, Qi Road in Qingdao City, 61.
1997 6 18, Samsung Electronics stores into Shandong Yatai Electric Appliance Co., Ltd. TV shopping malls, began operations, the address in Qingdao pe Road 22, by the majority of consumers. In the same year in August, Shandong Yatai Electric Appliance Co., Ltd. Audio mall opened.
1999 5 28, Shandong Yatai Electric Appliance Co., TV shopping, audio stores, appliance shopping centers merged "Yatai Electric supermarket" opened, the company shifted business focus from wholesale and retail. "Yatai Electric supermarket" of the business area of 1,200 square meters, located in Qingdao pe Road 22.
2000 1 1st, Ningxia Road, "Yatai Electric supermarket" opened after opening, supermarket sales in the month nearly doubled compared with the second, consolidated in the Qingdao area leading home appliance retail position.
2000 10 28, Jimo Yatai Electric supermarket opening.
2001 6 9, Licun Yatai Electric supermarket opened, the opening day of sales, accounting for one third of local sales. So far, Shandong Yatai Electric Appliance Co., Ltd. in the city of Qingdao, home appliance sales accounted for most of country.
2003 4 months, Yatai Electric Liaoning Road supermarket opening. I am an expert from China Manufacturers, usually analyzes all kind of industries situation, such as acrylic cement , pvc cladding.
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