What happened
General Mills has agreed to sell its Haagen-Dazs ice-cream shops in mainland China to a group led by fast-growing tea chain operator Ningji, the latest sale to underscore the ebbing fortunes of foreign brands in the world's No 2 economy.
Why it matters
AtlasHour context: this story may affect public policy, global affairs, business confidence, technology direction, energy security, or civic life.
Global context
The story is being tracked through Global Markets.
Who is affected
Global Markets
What to watch next
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The consequence layer
AtlasHour context: this story may affect public policy, global affairs, business confidence, technology direction, energy security, or civic life.
What To Watch Next
Three facts to keep in view
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