Logo 07 Jul 2021

Suning gets saved… again

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On Monday, Suning.com – the retail arm of conglomerate Suning Group – announced that more help is on the way.
A group of public and private investors agreed to buy up 17% of the embattled retailer’s shares – for a total of USD 1.4 billion.
Some context: Suning – originally an appliance retailer – ha...