Huang shadow looms over troubled Gome
By Ding Qingfen | China Daily | Updated: 2009-05-28 08:08
A view of the Gome store in Wuhu, Anhui province. (Inset: Huang Guangyu). Liu Huaiyu |
China's largest consumer electronics retailer Gome is long on plans to retain its crown against potential challengers, notably second-placed Suning. But it is finding itself to be increasingly short on cash as bankers and retailers are shy on extending credit to the company struggling to break out of the shadow of its former chairman who has been detained by Beijing police for investigations into alleged irregular share trading.
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