Low-Cost Retailer MINISO Ramps Up Expansion Efforts; Adds New Partnerships In Four New Markets

MINISO Group Holding Ltd MNSO plans to expand operations into three new markets, namely Angola, Trinidad and Tobago, and Latvia.
With Panama, the four new partnerships were unveiled during MINISO's Global Partners Summit, held in Guangzhou, China, in March 2023.
MINISO has entered 105 markets with over 5,400 stores to date, attracting over 1 billion customers worldwide.
In Latvia, the first MINISO store will open in the capital city of Riga in early summer 2023.
The first MINISO store in Panama is expected to open in June this year, while Trinidad and Tobago is expected to welcome its first shoppers in mid-2023.
"MINISO has grown to be one of the most globalized Chinese brands," said Jack Ye, MINISO founder, and CEO.
Price Action: MNSO shares are trading higher by 0.57% at $16.81 on the last check Tuesday.
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