Laox (8202) – 21st November 2014 (2,549Words, INITIATION)
The plan is working: NEW Positive
Summary: How long would it take to turn a business around that has posted 9 consecutive years of net losses? And how would this be achievable? These are likely to have been the questions China’s Suning Commerce Group was weighing up before building a stake in struggling home appliance retailer Laox in August 2009. Five years on & we have the answers.