Yaohan HK set to 'battle on'

PUBLISHED : Friday, 14 November, 1997, 12:00am
UPDATED : Friday, 14 November, 1997, 12:00am

Yaohan Hongkong Corp said it would battle on in the slumping retail market after its department store unit was hit with five lawsuits this week from unpaid suppliers. It said the department store chain, controlled by the Wada family but with no formal links to the family's Yaohan Japan Corp, planned to restructure its way out of trouble and believed the business could continue.