Daily: 7-11 parent company changed name; Simba unblocked; Panda Takeaway was financed

#零售头条：

Yonghui has not yet received the fourth tranche of the equity transfer

The purchaser has breached the contract

"Retail Circle" learned that Yonghui Supermarket issued an announcement that according to the "Supplementary Agreement to the Transfer Agreement" signed between the company and Dalian Yujin, the fourth phase of equity transfer of 300 million yuan should be paid before September 30, 2024. As of the disclosure date of the announcement, the company has not received the transfer money, and the buyer Dalian Yujin has not fulfilled its payment obligations as agreed, which has constituted a breach of contract. The Company has issued accelerated expiration notices to Dalian Yujin, Wang Jianlin, Sun Xishuang and Dalian Yifang Group Co., Ltd., and plans to initiate arbitration with the Shanghai International Economic and Trade Arbitration Commission. There is a risk that the above-mentioned equity transfer agreement will not be able to be performed in a timely manner.

7-Eleven announced a name change

Divestment of non-core businesses

Seven & i, the parent company of Japan convenience store giant 7-Eleven, announced plans on Thursday to change the company's name and divest non-core businesses, with the new tentative name 7-Eleven Corp. The company said it will form a holding company for its supermarkets and other retail stores and possibly list the entity as it will focus more on the convenience store business and plans to introduce strategic partners for the new division. The company also sharply lowered its operating profit forecast for the fiscal year ending February to 403 billion yen from 545 billion yen previously.

Crown Pike discount supermarket

The first store in Haining opened

"Retail Circle" learned that recently, the first store of Guanpaike discount supermarket in Haining opened, with an area of 300 square meters, and SKU2000 Duoguan Parker is a subsidiary of Guanye, which is a hard discount brand store that relies on the global supply chain and integrates global brand resources. Since its establishment, Crown Parker has put quality first and made sure that the goods provided are genuine. It has established strategic partnerships with hundreds of big names. Starting from Fuzhou, Fujian Province, Guanpaike now has nearly 30 stores, gradually covering the whole country. The reason why the price is relatively low is mainly due to its unique operation model and supply chain strategy: low property cost, supply chain optimization (choose a hard discount model, do not sacrifice quality in exchange for low cost, and do not do soft discount of temporary goods and tail goods), streamlining the variety of commodities to reduce operating costs, adopting a separate system to operate, and improving operational efficiency through green AI systems to further reduce costs.

Mondelēz plans to acquire a 72% stake in Enxi Village

Entered the frozen cake market

"Retail Circle" has learned that recently, Mondelēz Food Enterprise Management (Shanghai) Co., Ltd. (hereinafter referred to as "Mondelēz Shanghai") plans to acquire 72.3546% of the equity of Enxi Village (Shanghai) Industrial Co., Ltd. (hereinafter referred to as "Enxi Village"), and the acquisition is currently being publicized in a simple case of concentration of operators. This means that the acquisition has officially entered the approval process. Upon completion of the transaction, Mondelēz Shanghai will hold a 72.3546% stake in Enxi Village and will control Enxi Village alone.

"Panda Takeaway" received D+ round of financing

"Retail Circle" learned that Panda Takeaway, an overseas Chinese food delivery platform, recently completed a $55 million D+ round of financing, led by Mars Growth Capital and Liquidity Group, with the continued participation of old shareholders Perwyn, Kinnevik, 83North and Felix. This round of funding will be used to further develop overseas markets and provide diversified services to overseas Asian Americans and the wider minority community. Founded in 2017 in Nottingham, United Kingdom, Panda Takeaway is mainly engaged in Chinese food delivery and fresh food delivery, mainly serving overseas Chinese, international students, tourists and Chinese food lovers. Since its establishment, Panda Takeaway has covered more than 80 cities in 10 countries around the world, including United Kingdom, France, Australia, United States and Canada, with more than 100,000 registered merchants, 80,000 delivery riders, more than 6.5 million registered users worldwide, and more than 100,000 daily active Chinese users. Previously, Panda Takeaway has completed a total of $220 million in financing. In 2021, it received $130 million in Series D financing and completed the acquisition of Australia's local Chinese food delivery giant EASI and Pocket New Zealand.

Tea Baidao enters the port

"Retail Circle" learned that on October 10, Tea Baidao announced that the first store in Hong Kong will officially open on October 11, and specially invited star Huang Zongze to serve as a "good tea taster".

Fast Retailing, the parent company of Uniqlo

Suspension of trading in Hong Kong

"Retail Circle" learned that on October 10, Fast Retailing, the parent company of Uniqlo, a world-renowned clothing retail company, announced the suspension of trading in Hong Kong.

Mao Geping hit the Hong Kong stock IPO

"Retail Circle" learned that according to the disclosure of the Hong Kong Stock Exchange on October 9, Mao Geping Cosmetics Co., Ltd. submitted a listing application to the main board of the Hong Kong Stock Exchange, with CICC as the sole sponsor. According to the prospectus, Mao Geping is a leading Chinese high-end beauty group. The company was founded in 2000 by Mr. Mao Geping, an iconic figure in China's beauty industry, and has established a strong presence in China's beauty industry. According to Frost & Sullivan, Mao Geping is the only Chinese company among the top 10 high-end beauty groups in the Chinese market, ranking seventh in terms of retail sales in 2023, with a market share of 1.8%.

Lu Minfang resigned

Vice Chairman of the Board of Directors of Mengniu

"Retail Circle" learned that Mengniu's board of directors announced that since October 10, Lu Minfang has resigned as the company's executive director, vice chairman of the board of directors, and a member of the company's strategy and development committee and sustainable development committee. According to the data, Lu Minfang has served as the president of Mengniu since 2016. After 8 years at the helm of Mengniu, on March 26 this year, Mengniu Dairy announced that in accordance with the group's strategic arrangement, Lu Minfang was promoted to vice chairman, stepped down as the company's president and continued to serve as executive director, and the position of president was taken over by Gao Fei, former senior vice president of Mengniu and head of the room temperature business department.

Gucci任命前LV高管为CEO

"Retail Circle" learned that on October 9, Gucci's parent company Kering issued a statement announcing that Stefano Cantino succeeded Jean-François Palus as CEO of the Gucci brand, and this is only a year after the last change of leadership. Recently, there have been frequent personnel changes in Gucci's senior management, but the performance is still declining significantly.

Simba account

The live streaming feature has been unblocked

"Retail Circle" learned that on October 10, the "live broadcast ban" sign on the homepage of Internet celebrity anchor Simba has disappeared. Ask Xin Xuan's assistant to learn that Simba's live broadcast function has been unblocked, and there will be a live broadcast in the future. Previously, Simba was involved in a dispute with Three Sheep and said that he would pay consumers 100 million yuan. On September 11, the homepage of Simba Kuaishou's account showed that its account live broadcast function was banned.