MINISO to buy nearly 30% stake in struggling supermarket operator
- 23-Sep-2024
MINISO Group Holding today announced that it has entered into share purchase agreements with certain shareholders of Yonghui Superstores Co., Ltd (“Yonghui”), to acquire an aggregate of 29.4% of the issued and outstanding shares of Yonghui for a total cash consideration of approximately RMB6.3 billion. Upon the consummation of the transaction, the Company expects to […]
China’s Miniso announces expansion plans
- 14-Sep-2021
Chinese retailer Miniso Group will open a ‘flagship’ New York store and nearly double its U.S. outlets this year, betting post-pandemic shoppers on a budget will snap up cheap but fun goods for homes and work like $10 soft toy cats and $4 staplers shaped like avocados. At less than 60 outlets, Miniso’s U.S. presence […]