Little bit of News: Hon Hai Group, RadioShack to team up in China
Hon Hai Group, RadioShack to team up in China
Taipei, Feb. 1 (CNA) Foxconn International Holdings Ltd., a unit of Hon Hai Precision Industry Co., has agreed with U.S.-based retailer RadioShack Corp. to set up a joint venture selling consumer electronics and offering other services in the Greater China region.
Foxconn International subsidiary First Honest Enterprises Ltd. and RadioShack Global Sourcing, a unit of the U.S. retailer, set up the joint venture Perfect Legend Development Ltd. on Jan. 31.
The new company, the first joint venture set up by Foxconn International and a retailer, will specialize in the sale of mobile phones, TVs and other accessories.
Perfect Legend will feature RadioShack-branded 60-inch TVs in the initial stages and is planning other offerings.
The company is in the process of deciding how many stores it will have in China and where they will be located, and it has also begun work on its online
I like the part they are deciding how many stores.....remember that blowhard 1k stores..lol....now 2 years laters its only 2.........too funny.....so at 2 per year whats thyat...200 stores in 100 years....given they are done in the states in months not years thats a funny release. The asians know they will buy the name for 10-20 mil and they will own it. .....smart cookies......get the name before they go BK
1 year tranformation to new innovative product line.. 3 year leases expire unprofitable locations.. Partners.. Hey I bough my mom a big numbered analog phone there the other day.. Where can you get tha on the web.... Even though it was tried to bring it down today held it's own... Our cards will be shown in the next 2 weeks....