BEIJING (Bloomberg) Aeon Co., Japan’s largest supermarket operator and owner of the Jusco chain, said Tuesday it may invest 15 billion yuan ($1.97 billion) to increase its stores in China to 100 in the next five years.
The retailer’s China stores may earn as much as $5 billion in revenue by 2012, Senior Vice President Akihito Tanaka, head of Aeon’s China operations, said in Beijing.
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