TRUST MART…? TRUST MART…?
What Wal Mart called speculation earlier today USA Today, via The Wall Street Journal, is calling fact: the Bentonvile Behemoth intends to purchase the 100-store Trust Mart chain in China for $1 billion. According to USA Today:
The deal is for the 100 Chinese supercenters owned by Trust-Mart, a closely held Taiwanese company, the [Wall Street] Journal reported in its online edition, citing unnamed people familiar with the deal.
A Wal-Mart spokeswoman declined to comment.
If approved by Chinese regulators, the deal would push Wal-Mart past Carrefour for the most supercenters in China. Supercenters, also known as hypermarkets, are giant stores that sell a wide range of food and merchandise.
I can’t help but think that there is new form of the opium-tea-gold triangle forming here with Wal Mart playing the role of the British East India Company. That’s an idea I have to develop further.
[...] Perhaps Edelman is just helping Wal-Mart get used to doing business in communist China on a monsterous scale. What’s a little Orwellian language between comrades, anyway? [...]
[...] As The Writing On The Wal reported yesterday, Wal Mart is buying Trust Mart in China. What I find amazing is that while this is an important story, the paper of record, The New York Times thinks it’s big enough to play above the fold on page one. [...]
[...] TRUST MART…? TRUST MART…? What Wal Mart called speculation earlier today USA Today, via The Wall Street Journal, is calling fact: the Bentonvile Behemoth intends to purchase the 100-store Trust Mart chain in China for $1 billion. According to USA Today: Keep reading… [...]