Spar Group Inc, a leading global supplier of retail merchandising and other marketing services, has formed a joint venture with Shanghai Wedone Marketing Consulting Co Ltd in China. The new JV will provide merchandising and marketing services to manufacturers and retailers throughout China.
Spar will own 51 per cent stake in the new JV – Spar (Shanghai) Marketing Management Company Ltd – while Shanghai Wedone Marketing Consulting will own the remaining 49 per cent.
“We are excited to join forces with Spar to offer a national merchandising and marketing services group, providing our client manufacturing companies in China with a strategic advantage in one of the world’s largest and fastest growing consumer markets,” said James Qian, CEO, Shanghai Wedone Marketing.
Gary Raymond, president and CEO, Spar Group, said, “It is no secret that China is one of the fastest growing economies and most promising markets for our marketing and speciality merchandising services. We believe the team at Shanghai Wedone Marketing is the optimal partner to continue our growth in China.”
Shanghai Wedone Marketing Consulting is a comprehensive marketing management company that provides brand communication and retail marketing management service in China.
The company works with more than 50 international brands such as Coca-Cola, Unilever, Johnson & Johnson, Swatch and several prominent Chinese brands such as Meng Niu Dairy, Guan Sheng Yuan and Dong-e E-jiao.
– IndiaRetailing Bureau
