Leading retail figures are accompanying Prime Minister David Cameron on a trip to China today in a bid to secure their growth in the burgeoning Chinese market.
43 business leaders will join Cameron on the trip. Cameron wants to strike a delicate diplomatic balance for British exporters as well as coming under pressure to signal concern over Beijing’s human rights record. The UK imported Chinese products worth £25.4bn last year, but goods worth just £7.7bn went in the opposite direction, less than the value of British exports to the Netherlands, Belgium or Spain.
It is also understood that Pessina has scheduled meetings in China with a view to possibly buying a retail chain as well as further growing its wholesale division in the country.