China Resources Vanguard, doing business as China Resources Vanguard Shop or Vanguard (), operates the supermarket chains of China Resources. It was the third-largest supermarket chain in Hong Kong. As of 31 December 2014, there are 4866 shops operating in the Chinese provinces / municipalities of Guangdong, Zhejiang, Jiangsu, Shanghai, Tianjin and Beijing.
On 18 August 2013, China Resources Enterprise's supermarket chain Vanguard and British supermarket Tesco signed a "memorandum of understanding", intending to set up a joint venture interest group in mainland China, Hong Kong and Macau, operating hypermarkets, supermarkets, convenience stores, liquor stores and cash and carry businesses. China Resources Enterprise took an 80% share and Tesco took a 20% share.
History 1984: China Resources Supermarket (CR Supermarket), former name of China Resources Vanguard, was founded. 1991: CR Supermarket opened its first store in Mainland China. 2001: China Resources acquired a 72% stake in Shenzhen Vanguard Super Department Store. China Resources Supermarket merged with Shenzhen Vanguard Super Department Store. 2002: China Resources fully acquired Shenzhen Vanguard Super Department Store and renamed it as China Resources Vanguard Shop.China Resources Vanguard Co., Ltd. China Resources Enterprise, Limited Plans To Acquire A 65% Stake In Vanguard 2005: Introduction of new sunflower logo. 2007: China Resources Holdings acquired Tianjin company China Resources Supermarket Chain. 2010: The first blt boutique supermarket opened. 2012: Vanguard launched new brand "V+ urban boutique supermarkets". 2013: Set up joint venture with Tesco. 2015: Sale of supermarket business to improve the performance of China Resources Enterprise. Opened first U Select by Tesco store in Hong Kong.
Brands
Mainland China Vanguard - standard supermarkets Ole' - upmarket supermarket with a focus on imported food blt - upmarket supermarket with a focus on fresh food, styled as a farm market blt Express - smaller blt stores VanGO - convenience stores 乐购 express - former Tesco Express stores Voi_la! - wine cellar V+ - upmarket urban boutique supermarket aimed at China's growing middle class
Hong Kong (former operations) Vanguard - standard supermarkets VanGO - convenience stores U Select - stores with at least one third Tesco products Voi_la! - wine cellar
References
External links
CR Vanguard (China) (in English) CR Vanguard (China) (in Chinese) CR Vanguard (Hong Kong) (in Chinese)