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Strong growth for MeadWestvaco’s OP segment

1 August 2007 — Richmond (VA): MeadWestvaco has reported its financial results for Q2. In the consumer and office products segment, Q2 profit was up 41 percent to $24 million, compared to $17 million...

Identity fraud summit announced

 9 July 2007 — London (UK): A new European summit to combat identity fraud has been announced. Supported by government, law enforcement agencies, large corporate businesses and consumer bodies, Identity Matters will welcome delegates from...

Best Buy increases stake in Five Star

16 April 2007 — Beijing (CHN): Best Buy has increased its stake in Chinese electronics retailer Jiangsu Five Star to 70 percent. In February, Best Buy unveiled plans to open between 20 and 23...

Best Buy names Asia president

20 April 2007 — Shanghai (CHN): Best Buy has named Redmond Yeung president and COO of Best Buy Asia. In the newly created position, Yeung will be responsible for overseeing all of Best Buy's...

Best Buy to open 130 new stores

2 March 2007 – Minneapolis (MN): Best Buy has announced plans to open approximately 130 stores in the US, Canada and China in the new fiscal year (starting March 4). The growth represents a...

Best Buy expansion plans unveiled

22 February 2007 — Minneapolis (MN): Best Buy plans to open 90 new stores and five new Pacific Sales stores in North America during 2008. The retailer also has plans for Canada, aiming to open...

GOME invests in office supplies business

6 December 2006 — Beijing (CHN): Gome Electrical is gearing up to invest I billion remninbi ($ 125.4 million) to 'seriously' develop its electronic office supplies business over the course of the coming year,...

Adam Poole

 Name: Adam PooleJob Title: Head of channel marketingCompany: Canon UK What were your childhood ambitions? I suppose as well as the clichéd wish to be a football star, I was always drawn to the thought...

Best Buy heads East

 29 August 2006 – Shanghai (CHN): Best Buy, the biggest consumer electronics retailer in the US, is to open its first store in China by the end of the year. The company is working alongside...

Gome Electrical to acquire China Paradise

19 July 2006 — Shanghai (CHN): Chinese consumer giant Gome Electrical has announced plans to acquire China Paradise, the third biggest retailer in the industry.   The planned acquisition follows Best Buy's move in to the Chinese...

Best Buy confirms China move

12 May 2006 – Shanghai (CHN): Best Buy is to buy a majority stake in Chinese appliance retailer Jiangsu Five Star Appliance for $180 million, giving it a foothold in a market dominated...

Best Buy yet to comment on China move

11 May 2006 - Minneapolis (MN): Best Buy has yet to comment on reports that it has purchased a 51 per cent stake in one of China's biggest electronics retailers, Five Star Appliance. The...

Citigroup: acquisition gives Best Buy China platform

15 May 2006 – Shanghai (CHN): Citigroup has reiterated its "Buy" rating for Best Buy's shares following the company's acquisition of Jiangsu Five Star in China. The firm sees Best Buy's investment, the first...

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