China’s Miniso makes it’s Parisian debut
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MINISO, the Japanese-inspired lifestyle product retailer, opened its inaugural outlet in Paris today. The first store to open in Europe since the company’s successful listing on the New York Stock Exchange earlier this month, it signals continued global expansion for the brand as retail rebounds in Europe.
Two more store openings are planned in France for this year, and MINISO aims to open additional locations in 2021. The retailer offers around 2,000 creative and low-priced goods ranging from creative home necessities, health and beauty products, fashion accessories and stylish gifts to office supplies, boutique package decorations, digital accessories, as well as food and seasonal products.
Luxury bargains for fashion-forward consumers
Shoppers in the chic District 8 now have the choice to purchase sleek goods without worrying about the price tag. Located on 58 Rue de la Chaussée-d’Antin, MINISO’s new store is within walking distance of Paris’ luxury stores, and offers more than 80% of its well-designed, quality products priced at under 10 euros.
Before officially bringing its international aesthetic to the global fashion capital, MINISO first caught Parisians’ attention by debuting 40 original products at the Manson & Objet Fair last September. Almost exactly one year later, the brand was introduced to the French market by seasoned retail businessman Jonathan Siboni, the President of Luxurynsight.
“Shoppers in the chic District 8 now have the choice to purchase sleek goods without worrying about the price tag.”
“Following much anticipation, I am thrilled to bring MINISO to French consumers. MINISO was a love-at-first-sight story for me at the Maison & Objet Fair last year,” said Siboni. “From the start, Ye Guofu’s vision has been generous and consistent, with an accent on customer experience. We have solid evidence that only being a visionary in retail can lead to also becoming a giant in digital. I was set on bringing this popular brand to the French market the moment I saw their stylish yet affordable products together with their advanced store management, and even more so determined after visiting dozens of MINISO stories throughout Europe.”
MINISO, too, shares that excitement and eagerly looks forward to bringing its successful brand to France.
“For MINISO, the French market is one of the most important and influential markets in Europe and across the world. Through our close collaboration with Mr Siboni and his team, we plan to open two other stores in Paris by the end of this year, said Edward Zhu, MINISO regional director. “We are confident that French consumers will increasingly fall in love with the thousands of affordable, quality products that MINISO has to offer.
International design influence
In 2018, the company established the MINISO Design Academy (MDA) in order to create more high-quality products that skillfully blend creativity and practicality. As of this June 30, the MDA has teamed up with 25 external partners and 49 brilliant designers from Finland, Denmark, Norway, Spain and South Korea. Their work has won 28 renowned international design awards such as the iF, Red Dot and ‘K Design’. The company is also continuously searching for and cultivating young designers with its MINISO Design Day, participating in art fairs and holding design competitions.
MINISO opened its first store in Guangzhou, China, in 2013. Following seven years of rapid growth, MINISO has now opened more than 4,200 stores in over 80 countries and regions, including the US, UK, Canada, Australia, Spain, UAE, India, and Mexico. Earlier this month, MINISO listed on the NYSE, becoming the fastest budget chain to go public.
Questions & Answers
Q.What is MINISO's strategy for expanding in France this year?
What is MINISO's strategy for expanding in France this year?
MINISO plans to open two more stores in Paris by the end of this year. The company also aims to open additional locations in France throughout 2021.
Q.What kind of products does MINISO offer and how are they priced?
What kind of products does MINISO offer and how are they priced?
MINISO offers around 2,000 creative, low-priced goods, including home necessities, beauty products, fashion accessories, and gifts. Over 80% of its products are priced under 10 euros.
Q.Who introduced MINISO to the French market?
Who introduced MINISO to the French market?
Seasoned retail businessman Jonathan Siboni, the President of Luxurynsight, introduced MINISO to the French market. He saw the brand at the Maison & Objet Fair last year.
Q.When did MINISO first establish its presence in Europe?
When did MINISO first establish its presence in Europe?
MINISO first caught Parisians' attention by debuting 40 original products at the Maison & Objet Fair last September. The new Paris store is the first in Europe since its NYSE listing.
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