On March 2nd, Mr. Yuan Yafei, Chairman of Sanpower Group accepted interview after spoke at“In Discussion” session of "Creating Extraordinary" of Great Festival of Creativity".

Chairman Yuan expressed that the sales and profit of 2014 have been record high, which formed largest sales increase of House of Fraser since its foundation 165 years ago. Record set by Chinese will be the new normal theory.

Mr. Yuan Yafei surprised competitors by only spending 3 months from negotiation to closing deal when he talked about acquisition of House of Fraser in 2014 with journalist. Michael Ashley, one British tycoon, unexpectedly quitted acquisition after his 5-year close attention paid to House of Fraser.  Mr. Yuan Yafei said that this successful acquisition directly made Sanpower beneficiary after a series of preferential policy caused by decentralisation of Chinese government.

The sales and profit of House of Fraser hit the record high in 2014, which formed largest sales increase of House of Fraser since its foundation 165 years ago.  Mr. Yuan Yafei pointed out that the Chairman of House of Fraser must be Chinese when talked about the reason of success. Then the good British experience can be connected with good understanding of market from Sanpower. Therefore, the Chinese market can be well explored.  Generally speaking, the good performance of marketing must be based on China`s national condition.  He expressed that even British people admire Sanpower Group management model based on Confucianism. From then on, record set by Chinese will be the new normal theory.

On March 2nd, "Creating Extraordinary", the first "In Discussion" session of Great Festival of Creativity held by Yang Lan in Long Museum with  Lord Livingston, UK Minister of State for Trade and Investment, Wang Jianlin, Chairman of Wanda, Alan Keir, CEO of HSBC Bank, Yuan Yafei, Chairman of Sanpower Group; moderated by Yang Lan.

The" Oriental Fraser" will be forged by Sanpower Group through the combination of house brand, own bought and concession, Mr. Yuan Yafei said that the former Chinese economic growth was extensive, we shall import and apply advanced management model of foreign companies such as detailed management. Nanjing Xinjiekou department store and orient Fraser will combine house brand with own bought system for a good performance. The sales and profit of Cenbest keep steady growing, but sales of other traditional department stores are slakening or going down, Mr. Yuan Yafei disclosed that Meici.cn, the online luxury products shopping website, has connected with Fraser. The customers can buy 60,000 online authentic British products.  

Natali, the largest aged care company in Israel was acquired by Sanpower Group. Natali was founded in 1991, covering elderly services, telemedicine, emergency medical services, occupying about 60% of market.  Mr. Yuan Yafei said that all the acquisition aimed at Chinese market when talked about MA of House of Fraser. Acquiring overseas company with advanced technology is for promoting development of relevant business. Sanpower Group won't acquire the foreign company which has not relevant business with our Chinese market.  Acquiring Natali is for improving Ankangtong which is the largest aged care company in Shanghai. Natali has better technology service in telemedicine, etc than Ankangtong. The mature aged care service model can be imported through acquisition of Natali. Then the global source of medical care can be shared.

Mr. Yuan Yafei, Chairman of Sanpower Group is chatting with Ms. Moya Greene, CEO of Royal Mail Group Ltd at lobby.

"Creating Extraordinary", the first "In Discussion" session of Great Festival of Creativity held by UK government in Long Museum with Lord Livingston, UK Minister of State for Trade and Investment, Wang Jianlin, Chairman of Wanda, Alan Keir, CEO of HSBC Bank, Yuan Yafei, Chairman of Sanpower Group; Moderated by Yang Lan.