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From grocery giant to produce pauper: Can Sun Art turn the aisle?
从年赚百亿到年年亏损,高鑫能否打赢这场翻身战?

The operator of the formerly popular RT-Mart chain has lost money in two of the last three years, as a big-name private equity investor tries to turn it around.
大润发母企高鑫零售近年业绩不稳定,三年两亏,即使由私募王者入主,暂仍未见曙光。

“I bested every rival but got beaten by the times. And when the times discard you, they don't even bother saying goodbye,” mused Huang Ming-Tuan, former chairman of Sun Art Retail Group Ltd. (6808.HK), years ago. Those words were quite prescient, foreshadowing today’s grim reality for traditional hypermarkets where Sun Art’s RT-Mart chain was once a leader of the pack.

作者:刘智恒。本文仅代表作者观点。

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