Latest news with #MINISO
Associated Press
11 hours ago
- Business
- Associated Press
MINISO Group Provides Update on Chairman's Collar Transaction
GUANGZHOU, China, June 20, 2025 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ('MINISO', 'MINISO Group' or the 'Company'), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that it has been informed by Mr. Guofu Ye, the chairman of the board of directors, the chief executive officer and the controlling shareholder of the Company, of the full unwinding of his personal collar transaction with a leading financial institution (the 'Dealer'). Under the terms of the unwinding, the Dealer has returned all 14,000,000 ordinary shares of the Company (the 'Shares') that were previously transferred to it as credit support in connection with a prepaid forward contract (the 'Contract') for this collar transaction. This Contract was entered into in 2023 between the Dealer and Mini Investments SP1 Limited ('Mini Investments'), a BVI entity controlled by Mr. Ye. As part of the Contract, Mini Investments transferred 14,000,000 Shares to the Dealer in return for a prepayment from the Dealer, while agreeing to settle the Contract at expiration with either a cash payment or delivery of the shares. With the unwinding of the transaction, the Company understands that Mini Investments has received back all 14,000,000 Shares. The Company believes that Mr. Ye's decision to unwind the collar transaction and regain these MINISO shares demonstrates his continued confidence in and commitment to the long-term success of the Company. About MINISO Group MINISO Group is a global value retailer offering a variety of trendy lifestyle products featuring IP design. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO's wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand 'MINISO' as a globally recognized retail brand and established a massive store network worldwide. For more information, please visit Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as 'may', 'will', 'expect', 'anticipate', 'aim', 'estimate', 'intend', 'plan', 'believe', 'is/are likely to', 'potential', 'continue' or other similar expressions. Among other things, the quotations from management in this announcement, as well as MINISO's strategic and operational plans, contain forward-looking statements. MINISO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the 'SEC') and The Stock Exchange of Hong Kong Limited (the 'HKEX'), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about MINISO's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: MINISO's mission, goals and strategies; future business development, financial conditions and results of operations; the expected growth of the retail market and the market of branded variety retail of lifestyle products in China and globally; expectations regarding demand for and market acceptance of MINISO's products; expectations regarding MINISO's relationships with consumers, suppliers, MINISO Retail Partners, local distributors, and other business partners; competition in the industry; proposed use of proceeds; and relevant government policies and regulations relating to MINISO's business and the industry. Further information regarding these and other risks is included in MINISO's filings with the SEC and the HKEX. All information provided in this press release and in the attachments is as of the date of this press release, and MINISO undertakes no obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contacts: MINISO Group Holding Limited Email: [email protected] Phone: +86 (20) 36228788 Ext.8039 View original content: SOURCE MINISO Group Holding Limited
Yahoo
a day ago
- Business
- Yahoo
Wall Street Bulls Look Optimistic About MINISO Group Holding Limited (MNSO): Should You Buy?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about MINISO Group Holding Limited Unsponsored ADR (MNSO) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. MINISO Group Holding Limited currently has an average brokerage recommendation (ABR) of 1.88, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by eight brokerage firms. An ABR of 1.88 approximates between Strong Buy and Buy. Of the eight recommendations that derive the current ABR, five are Strong Buy, representing 62.5% of all recommendations. Check price target & stock forecast for MINISO Group Holding Limited here>>> The ABR suggests buying MINISO Group Holding Limited, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation. Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision. In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures. The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide. In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research. In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks. Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. In terms of earnings estimate revisions for MINISO Group Holding Limited, the Zacks Consensus Estimate for the current year has declined 17.4% over the past month to $1.12. Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for MINISO Group Holding Limited. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, it could be wise to take the Buy-equivalent ABR for MINISO Group Holding Limited with a grain of salt. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
12-06-2025
- Business
- Yahoo
MINISO Group Announces Results of Annual General Meeting
GUANGZHOU, China, June 12, 2025 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEX: 9896) ("MINISO", "MINISO Group" or the "Company"), a global value retailer offering a variety of trendy lifestyle products featuring IP design, today announced that all the proposed resolutions submitted for shareholder approval set out in the notice of its annual general meeting were duly adopted at the meeting held in Hong Kong today. About MINISO Group MINISO Group is a global value retailer offering a variety of trendy lifestyle products featuring IP design. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO's wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand "MINISO" as a globally recognized consuming brand and established a massive store network worldwide. For more information, please visit Investor Relations Contact: MINISO Group Holding LimitedEmail: ir@ +86 (20) 36228788 Ext.8039 View original content: SOURCE MINISO Group Holding Limited Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Glasgow Times
06-06-2025
- Business
- Glasgow Times
Here's why hundreds queued for MINISO opening at Braehead
The global retailer - which sells toys, homeware, figurines, plushies and viral blind boxes - welcomed its first customers at noon today at Braehead Shopping Centre. People of all ages gathered for the ribbon cutting and minutes after, the crowd slowly flowed into the ground floor unit. Some fans were waiting since as early as 8.30am and the sea of people stretched back all the way to the food court. READ NEXT: MINISO hosting grand opening at Braehead shopping centre Hundreds queue as MINISO opens at Braehead Shopping Centre, Glasgow (Image: GordonTerris_Herald&Times) Crowds at Braehead Shopping Centre (Image: GordonTerris_Herald&Times) (Image: GordonTerris_Herald&Times) Shannon in the queue (Image: GordonTerris_Herald&Times) READ NEXT: Fashion giant announces first Glasgow store to open in Silverburn Shannon, 19, from Milngavie, arrived with her mum and auntie. She said: "It's one of my favourite stores. I've been to one in America, it was amazing. "I am so excited for the opening, I will be back here all the time now." Ellie, 21, and Charlie, 23, came along to the event from the Southside of Glasgow. They queued for around an hour and a half to get their hands on some Sanrio items. Ellie said: "They have the best stuff and, obviously, we haven't had that yet, so I am buzzing for this. "I have been to the MINISO store in London and it was incredible. "I have high expectations, this is the first one I will have ever been to in Scotland." Ellie and Charlie (Image: GordonTerris_Herald&Times) (Image: GordonTerris_Herald&Times) Staff at the MINISO store (Image: GordonTerris_Herald&Times) Gem, Kay and Beth, all in their twenties, came from the city as well. They were most excited to buy some Miku and Kuromi objects. Gem said: "My friends are a little bit more well-versed in it than me. I say I came for moral support but I will definitely end up spending too much money." Beth added: "Yes, I set myself a limit of £60, that is what I am aiming to spend, no more." READ NEXT: 'Iconic' car retailer popular with celebrities to open showroom in Glasgow Gen, Kay and Beth (Image: GordonTerris_Herald&Times) Happy shoppers (Image: GordonTerris_Herald&Times) (Image: GordonTerris_Herald&Times) Ashely Bisland, centre director at Braehead Shopping Centre: "We're absolutely thrilled to officially welcome MINISO to Braehead. "The incredible turnout today, with hundreds of eager visitors queuing before doors opened, speaks volumes about the excitement and anticipation surrounding this launch. "MINISO is a vibrant and unique addition to our retail mix, and we're proud to offer our shoppers a destination where fun, affordable, and stylish products come to life. "We can't wait to see the community embrace everything MINISO has to offer.' MINISO currently has a store on Edinburgh's Princes Street.
Yahoo
06-06-2025
- Business
- Yahoo
'Global sensation' opening new store TODAY with free goody bags for shoppers
International lifestyle retailer MINISO will be celebrating the grand opening of its latest store this afternoon at Braehead Shopping Centre. The Glasgow Times reported earlier this week that the highly anticipated launch, set for noon today, June 6, marks the brand's second store in Scotland. Known worldwide for its fun, affordable, and trend-focused products, MINISO is inviting shoppers to join in the festivities. As part of the celebration, customers will have the chance to claim a free goody bag worth over £25 with a qualifying purchase, adding a special incentive for those attending the launch event. READ MORE: The new location will feature a wide variety of MINISO's signature offerings, including trending beauty products, high-quality toys, home accessories, and a range of snacks. Fans of pop culture will also be pleased to find limited-edition items from globally popular franchises such as Hello Kitty and Friends, Harry Potter, Disney, Stitch, Pokémon, and Care Bears—all available in-store from launch day. In a statement, MINISO expressed its excitement about bringing its playful and budget-friendly shopping experience to Braehead. "Get ready to have some fun! MINISO is your affordable one-stop shop for playful finds that elevate the ordinary. "We bring you an exciting mix of must-have blind boxes, adorable plushies, trending beauty essentials, high-quality toys, and tasty snacks—all at prices that won't break the bank." The Glasgow Times first reported on the retailer's plans to open at Braehead last week, with the confirmed date generating buzz among local shoppers. READ MORE: Rob Jewell, managing director, Asset Management at Pradera Lateral, said: 'MINISO is a highly anticipated addition to our retail mix and reinforces Braehead's position as a leading retail and leisure destination in Scotland. "As a globally recognised brand with a unique and engaging offering, MINISO brings a dynamic new product range to the centre, combining affordability with quality, resonating across generations. "The launch of its first store in Glasgow at Braehead is a clear endorsement of the centre's continued appeal amongst international brands seeking a high-performing and vibrant location.' Saad Usman, chief operations officer at MINISO, said: 'We are excited to be opening at Braehead – our second location in Scotland. "Braehead is a well-known retail and leisure destination with a fantastic mix of brands and a loyal customer base. "We look forward to introducing our colourful and unique collections to the Braehead community and welcoming shoppers into an immersive and engaging store environment.' As the countdown to noon begins, anticipation is building among local shoppers eager to experience what MINISO promises will be a bright and joyful addition to the Glasgow retail scene.
