Carlos Slim sets his eyes on Miniso

Miniso's origin is still unclear since the company brands itself as Japanese but it mainly operates in China and many of its products are manufactured there

Carlos Slim sets his eyes on Miniso
Inside a Miniso store - Photo: Taken from Miniso Mexico's Facebook page
English 06/02/2019 14:47 Carla Martínez Mexico City Actualizada 14:47
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Sanborns, a company owned by Grupo Carso, has reached a non-binding agreement to invest in Miniso, a store that sells low-cost products.

“Sanborns Group informs the investors that it has reached a non-binding agreement with Miniso for a possible minority investment,” said the statement sent to Mexican Stock Exchange (BMV).

Sanborns, owned by Carlos Slim, added that if it reaches a final agreement, the formalization and execution of the agreements, it will need the necessary authorizations.

 
 
 
 

 
 
 
 
 
 
 
 
 

Hoy es un buen día para relajarse. #LoveLife #LoveMINISO

A post shared by Miniso México (@minisomexico) on

Miniso has recently opened stores in Mexico City, Mexico, Morelos, Puebla, Hidalgo, Querétaro, Jalisco, Aguascalientes, Guanajuato, Quintana Roo, Veracruz, Yucatán, Colima, Nuevo León, Michoacán, and Chiapas.

 
 
 
 

 
 
 
 
 
 
 
 
 

For the perfect Kiss, estos labiales #Miniso #NOSABÍAQUELONECESITABA #LoveMiniso

A post shared by Miniso México (@minisomexico) on

Despite its success, Miniso's origin is still unclear. The company brands itself as Japanese but it is claimed in mainly operates in China and many of its products are manufactured there. It also has headquarters in both China and Tokyo.

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