2 June 2020
The Weekly

Parkson Retail Group, which operates 100 stores in Asia has inked a 20-year tenancy agreement for a commercial space in Wuzhou City, China. The agreement was inked between the group's indirect wholly-owned subsidiary Nanning Brilliant Parkson Commercial, and the landlord Wuzhou Sankee Investment. Parkson Retail Group said the tenancy of the property plays an important role in the development of its business in Wuzhou City and is in line with the group's development strategy in Guangxi Zhuang Autonomous Region. The group operates 38 stores in China, as well as 42 in Malaysia, 15 in Indonesia, and four in Vietnam.