Wahaha sets out plaza plan for boutique brands

By Cecily Liu and Zhang Chunyan in London ( China Daily ) Updated: 2013-05-14 13:47:03

Hangzhou Wahaha Group, the Chinese drinks giant, is "in discussions" to bring a number of boutique European brands to its own new shopping malls across the country, according to its chairman.

Zong Qinghou, recently named China's richest man by Forbes Magazine, said during a tour of eight European countries which concluded in the UK on Friday, that many brand owners said they have had difficulty in finding a trusted Chinese distributor.

"And on the other hand, many Chinese distributors are reluctant to pay European manufactures upfront in case products are not delivered.

Wahaha sets out plaza plan for boutique brands

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