date:Oct 18, 2013
e 2012 fiscal year) and the number of its stores will increase to 577 from 541 (as of June 30, 2013).
Ed Chan, vice-chairman of C.P. Lotus, told the news conference that the deal will enable the company to focus on its highest growth areas in Guangdong and Hunan, as well as neighboring provinces that it may enter later. He said that C.P. Lotus owns 19 stores in Guangdong and Hunan, and that will increase to 22 by the end of this year.
The deal is expected to bring revenue and cost synergies to