I see that B&Q are closing their only store in Hong Kong, in the lovely Megabox in Kowloon Bay. The SCMP rather ridiculously compares this to Carrefour’s withdrawal from Hong Kong a few years ago, but somehow doesn’t have the space to explain what actually happened.
B&Q simply had the wrong type of shop for Hong Kong (and in the wrong place, probably), whereas Carrefour found that several key suppliers were reluctant to do business with them – having been sent a clear message by the PnS/Wellcome duopoly that competition is not really such a good thing after all.
Ordinary Gweilo 
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