Looking for a partner in China

The British Kingfisher Group is looking for a strategic partner for its B&Q stores in China. It intends to use as a model its joint venture in Turkey, which operates the Koçtaş stores there. The latest sales figure for Kingfisher in China amounts to GBP 421 mio. A loss to the tune of GBP six mio is being put down to the opening in Shanghai of a pilot store for a new distribution concept in spring 2013.