Miniso to Acquire Stake in China's Yonghui for $889 Million

September 24, 2024: Miniso, a global retailer known for its affordable products, has announced plans to acquire a significant stake in Yonghui Superstores, a major Chinese supermarket chain. The deal, valued at approximately $889 million, is expected to strengthen Miniso’s presence in the Chinese market and provide access to Yonghui’s extensive network of stores.

The acquisition of a stake in Yonghui is a strategic move for Miniso, which has been expanding its operations in China in recent years. By partnering with Yonghui, Miniso can leverage the supermarket chain’s established customer base and distribution network to reach a wider audience of Chinese consumers.

Yonghui, on the other hand, can benefit from Miniso’s expertise in retail operations and its innovative product offerings. The partnership could help Yonghui to attract younger customers and to modernize its stores.

Subject to regulatory approval, the deal is expected to be completed in the coming months. Once the acquisition is finalized, Miniso will become a significant shareholder in Yonghui.

The partnership between Miniso and Yonghui is a positive development for both companies and the Chinese retail market. It demonstrates the importance of strategic alliances and collaborations in the competitive retail landscape.

As of September 24, 2024, Miniso’s acquisition of Yonghui is still pending regulatory approval. The deal is expected to be finalized in the coming months.

Also Read, Miniso to Acquire Stake in China’s Yonghui for $889 Million