Do you want to invest in Miniso? You can now do it through BIVA

Business

By CAPosts 19 January, 2021 - 06:30am 42 views

Starting this Tuesday, Mexicans will be able to invest in Miniso, since with the help of Kuspit Casa de Bolsa it will start trading on the International Quotation System (SIC) of the Institutional Stock Exchange ( BIVA ) .

© Forbes México

The In just a few months, the chain made its Initial Public Offering (IPO) on the New York Stock Exchange in October 2020 , in which it raised $ 608 million

However, currently the chain of stores specialized in home and design products has a capitalization of more than 9,000 million dollars.

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Miniso opened its first store in China in 2013, since then it has expanded internationally, with 1,600 units on the Asian continents, Australia , Africa, as well as the American continent.

However, the chain expects to continue growing, since it plans to open 6,000 more stores in the world in the next few years.

The chain arrived in Mexico in 2016 under the motto, "I didn't know I needed it", since then it has opened 182 stores in the Mexican Republic, as part of its plan of 200 units in its first 5 years of operation

In addition, in 2019, the Mexican businessman Carlos Slim decided to invest in the firm, since in July of that year Grupo Sanborns completed the purchase of a stake in Miniso.

"Grupo Sanborns informs the investing public that, on this date, through the sale and purchase of the shares of Miniso BF Holding, it reaches a stake in the capital stock of the latter, equivalent to 33.27%" indicated in a statement at the time.

The company's vice president for Mexico and Latin America, Arturo Tishmam, recently told Forbes Mexico that if the situation begins to turn positive and the stores can be open, It is likely that branches will still open this year, but at this time there are none that are in the door

And, he explained, everything will depend on how the situation unfolds, however, he stressed that Miniso currently has 182 stores in the Mexican Republic, a figure close to 200 contemplated in their plan for the first 5 years, but there are still some territories where they would like to enter.

“Right now what we think is to see how the situation stabilizes and if the possibilities are given to continue growing, but very aware that the situation must be straightened out little by little and it would not be congruent and very intelligent to have an aggressive expansion strategy, when we still have to recover a little from all the blow we suffered in 2020. ”

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Source: MSN