Miniso and Pangdonglai founders meet to chart Yonghui’s transformation

0
1Кб

Meeting for the first time, the two leaders outlined their vision for Yonghui Superstores following Miniso’s landmark acquisition.

Ye Guofu, founder, chairman, and CEO of Miniso, recently met Yu Donglai, founder and chairman of Pangdonglai, for the first time. The meeting marked a significant moment: Miniso’s acquisition of Yonghui Superstores. It was the first opportunity for the two leaders to discuss the transformation of the chain in detail, a strategy both expressed confidence in.

On September 23, Miniso announced it had acquired a controlling stake in Yonghui for around RMB 6.3 billion (USD 882 million), making it the largest acquisition in China this year. During an investor call that evening, Ye explained the rationale behind the acquisition: his belief in Yonghui’s restructured stores, a transformation guided by Pangdonglai. Having studied global retail models, Ye shared his vision of creating a global consumer giant, emphasizing Yonghui’s resilience and potential to evolve into a top-tier supermarket chain.

In their recent meeting, Ye reiterated Miniso’s commitment to quality and affordability, advocating for a return to retail fundamentals with a focus on consumer needs. “We prioritize quality and innovation rather than competing on price,” he said.

Reflecting on Yonghui’s revamped flagship store in Zhengzhou’s Xinwan Plaza, Ye shared his impressions. “Seeing Pangdonglai’s involvement in Yonghui’s transformation makes me very happy. I am confident in the nationwide implementation of the Pangdonglai model, which can serve every community and household,” he said.

According to Ye, Miniso has also been learning from Pangdonglai’s practices. Highlighting Miniso’s focus on fostering happiness, he mentioned its policy of celebrating employee birthdays and milestones every Wednesday. For instance, Miniso has introduced a policy to cover losses from damaged or misplaced items without attributing responsibility, a shift aimed at enhancing employee well-being.

Ye also described Pangdonglai as a trailblazer in retail transformation. “In one to two years, Yonghui could achieve 70–80% of Pangdonglai’s excellence. It will continue to optimize and strive for those standards,” he said.

Yu, in turn, expressed his enthusiasm for the ongoing transformation at Yonghui. He noted that creating “a Chinese Costco” is within reach. “First, the team must enjoy their work, feel happy in their roles, and earn a decent income. Second, the quality, functionality, and aesthetics of products must be excellent,” he said.

Yu added that happy employees lead to better customer experiences, and that product quality—along with utility and aesthetics—should enhance consumers’ lives while meeting international standards. “The goal isn’t just to offer products but to reflect a refined taste for living,” he said.

Since May, Yonghui Superstores has been implementing two transformation models. One involves hands-on guidance from Yu and the Pangdonglai team, primarily in Henan Province, while the other entails Yonghui independently adopting Pangdonglai’s methods.

To date, Yonghui has reopened 20 restructured stores nationwide under these models, with plans to expand the number to 40–50 by the Lunar New Year.

 

#Miniso #YonghuiSuperstores #RetailTransformation #BusinessAcquisition #Pangdonglai

Love
1
Спонсоры
Поиск
Спонсоры
Категории
Больше
Другое
Cac van de thuong gap khi giay bi chat mui va cach di giay khong bi dau mui chan
Các vấn đề thường gặp khi giày bị chật mũi và cách đi giày...
От Annettekirtont Annettekirtont 2024-09-20 01:21:40 1 4Кб
Film
(18)+NEW~SEX@PORN@VIDEOS]*Pragya Nagra Leaked video Original Video Link Short Clip Actress Pragya Nagra Original Video Viral On Social Media X Trending Now smu
CLICK THIS L!NKK 🔴📱👉...
От Dutgod Dutgod 2024-12-19 05:34:39 0 507
Art
Pearls Reimagined: Modern Takes on a Classic Gem
Necklaces happens to be an inclusive part of our culture for several thousand years. Because of...
От Recicev Recicev 2024-10-28 10:59:18 0 2Кб
Другое
العالمي
العالمي
От Mohmed Nasser 2024-09-19 10:47:02 0 3Кб
Игры
"Atlanta's Prime Luxury Contractors: Making Homes That Redefine Elegance"
 "Luxury House Builders in Atlanta: A Information to Premium Craftsmanship" Atlanta is...
От Ahmed Ali 2024-10-13 07:30:39 1 3Кб