Best Buy acquired a majority interest in Chinese appliance retailer Jiangsu Five Star Appliance for $180 million
May, 2006 Jiangsu, China
In May 2006, Best Buy acquired a majority interest in Chinese appliance retailer Jiangsu Five Star Appliance for $180 million. At the time of the deal, Jiangsu was the fourth-largest appliance chain in China with 193 stores across eight Chinese provinces.
