DON DON DONKI, a significant Japanese foods chain, has been actively growing to Hong Kong in latest several years, opening extra and additional branches. Because some Hong Kong individuals are not able to “return to their hometowns”, Donki has turn into a spot to ease their nostalgia. Even though Donki has not nonetheless opened a branch on the mainland, netizens have located a supermarket named “Growth Growth MART”. Its decoration, home furniture and shop placement are pretty comparable to Donki’s. With more than 20 branches, the turnover has exceeded RMB 150 million. However, this grocery store, which was when well-liked throughout the outbreak, not long ago filed for personal bankruptcy.
Zeng threatened to be a Chinese Don Quixote
According to the information, the “Boom Boom MART Prosperity Market” was established in September 2020 and to begin with obtained tens of tens of millions of RMB in enterprise capital. The brand name positioning is “Treasure Price reduction Retailer Close to You,” which focuses on discounts on expired products, indicating they are dedicated to developing a marketplace comprehensive of surprises for youthful men and women. The two founders, Lover Zhifeng and Zeng Lizhi, have promised to be China’s Don Quixote.
As you can see from the pictures, Prosperity Bazaar decoration style and design follows a Japanese fashion, and there are also hand painted cartoon labels presented by Donki to show price ranges, savings and products features. The shop predominantly sells fundamental necessities, pores and skin care goods, clothes, snacks and beverages, and so forth. There are also numerous Japanese models, which are very very similar to Donki general, so they are nicknamed “copycat Donki” by netizens.
In actuality, just after the prosperity sector opened, there was a wave of punch-in boom and quite a few customers arrived to choose images and store. It is understood that the business adopted the franchise design and immediately opened extra than 20 stores in just a person year.In November past calendar year, it disclosed the IPO approach, stating that right after the listing, it will depend on 3 many years and 3 occasions the deposit of the products to purchase back again the franchise shop.
Described by quite a few suppliers in the latest months
However, the great instances did not previous prolonged: due to the fact the second fifty percent of past yr, the thriving marketplace has heard news of a sale repeatedly. In accordance to continental media studies, the firm has been sued by quite a few suppliers due to the fact March this year and has been concerned in a variety of “sales agreement disputes” cases.
In accordance to “Tianyancha”, the mother or father organization of Prosperity Industry stated in the lawsuit with its suppliers that “since the enterprise has stopped and there is no money move, it is prepared to file for bankruptcy” that is, it took only 2 a long time in which the enterprise went bankrupt considering that its inception, its fast increase and drop has amazed lots of netizens.
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