From grocery giant to produce pauper: Can Sun Art turn the aisle?
The operator of the formerly popular RT-Mart chain has lost money in two of the last three years, as a big-name private equity investor tries to turn it around Key…
Sun Art pursues life after Alibaba in China’s evolving retail landscape
Alibaba is negotiating with a potential buyer for its majority stake in the operator of RT-Mart hypermarkets, Sun Art said Key Takeaways: DCP Capital and Hillhouse are among the private…
BRIEF: Sun Art returns to profits on stabilizing business, cost cuts
Sun Art Retail Group Ltd. (6808.HK), operator of the RT-Mart supermarket chain, said on Tuesday it returned to the black in the six months through September, crediting stabilizing store traffic…
Faded Sun Art seeks to shine again in China’s changing grocery market
The former hypermarket superstar warned it fell into the red last year, as online grocers continued to eat its lunch Key Takeaways: Sun Art lost 1.7 billion yuan in its…
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