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MediaMarkt pulls the plug in China

12 March 2013

MediaMarkt has just closed its flagship store on Huaihai Road in Shanghai. With a launch in 2010, MediaMarkt has opened seven stores in Shanghai. The China venture is owned by German Metro Group (75%) and Taiwanese Foxconn (25%). The ambition was to open 100 stores in China. The competition in China is fierce and MediaMarkt […]