date:Jul 29, 2013
and private equity firms, lured by the opportunity to operate in a market that is dominated by two large players.
Octogenarian Li is planning to sell the business to focus more on Hutchison's health and beauty retail operations, which have a bigger global footprint and offer higher margins compared with the supermarket business, the people said.
Australian retailers Woolworths Ltd and Wesfarmers Ltd and China's Sun Art Retail Group Ltd are among the other suitors evaluating bids, the people