date:Oct 09, 2013
growth in China and Brazil but has yet to decide how, Plassat told investors in August.
In China, lured by the prospect of a rapidly growing middle class in the world's second-biggest economy, many foreign firms have waded into its retail market only to find they lack local expertise, particularly in building supplier relationships.
In July, Tesco said it would fold its unprofitable business in China into a state run company as a minority partner, becoming the latest retailer to give up tryin