
Retailer MINISO Accelerates Expansion in Europe and Beyond
Lifestyle product retailer MINISO opened its 100th post-IPO store in Madrid on Nov.6, amidst industry-wide scaling back and closings.
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Lifestyle product retailer MINISO opened its 100th post-IPO store in Madrid on Nov.6, amidst industry-wide scaling back and closings.
Miniso Group, a Chinese consumer goods retailer whose stock is already traded in New York, is considering a second listing in Hong Kong next year.
On May 3, MINISO celebrated the grand opening of its first IP collector store in the United States, located in the American Dream Mall, New Jersey.
The Spanish-language Instagram account of Chinese retail firm Miniso previously posted photos of products named "mystery toy boxes featuring Disney Princess dolls." In the post, dolls wearing traditional Chinese qipao dresses were mistakenly translated as "Japanese geishas."
Chinese discount retailer Miniso saw a robust NYSE debut on Thursday, raising $608 million with its stock rising as high as $24.90, well above its price range of $16.50 to $18.50.
Miniso, a US-listed consumer home goods retailer, has received approval from the Hong Kong Stock Exchange for a dual primary listing.
On August 31st, MINISO unveiled its largest global flagship store at Central Park Mall in Jakarta, Indonesia. The store, covering approximately 3,000 square meters, features eight product categories and three themed IP zones.
Ole stated that this transaction is beneficial to the company's long-term development and the realization of strategic goals.
Chinese budget lifestyle retailer Miniso, which is currently listed in the U.S., submitted an IPO application to the Hong Kong Stock Exchange (HKEx) on Thursday.
Chinese budget lifestyle retailer Miniso has officially listed on the main board of the Hong Kong Stock Exchange (HKEx) with "9896" as its ticker symbol. The firm's opening share price was HK$13.20 ($1.68) – lower than the actual listing price of HK$13.80 ($1.76).
The economic recession triggered by the coronavirus pandemic has spawned a global cohort of newly budget-conscious consumers, which has given a push to low-priced retailers such as Miniso.