Supermarket chain ParknShop will not merge with rival Wellcome, says CK Hutchison exec.

An executive for Li Ka-shing’s CK Hutchison Holdings has dismissed speculation that its supermarket chain ParknShop could merge with rival Wellcome. Dominic Lai, CK Hutchison’s group co-managing director, was responding to a question at the company’s general meeting on Thursday, according to Indexbox. Last month, the Financial Times reported that Jardines was in “negotiations” with […]

By Tom Grundy