Chinese retailers eye London

Last Updated: Thu, Nov 22, 2012 09:50 hrs

Beijing, Nov 22 (IANS) More and more Chinese retailers are looking to set up stores in London as they begin to expand their business in Europe.

In the next few years, as many as five Chinese retailers, including fashion giants JNBY and Eve Enterprise Group, plan to set up shops in London, China Daily reported Thursday.

The two companies have annual global turnovers of approximately 990 million pounds, according to a study carried out by the real estate agent Savills.

The potential for Chinese retail expansion in Britain came to the attention of London agents with the first entrant, Bosideng, in July 2011.

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