Miniso Canada (various locations),a discount retailer thats like a Uniqlo-meets-Muji hybrid, is allegedly facing bankruptcy.
According to a Miniso Group press release issued yesterday (December 17),the Chinese parent companies of the global chain have filed an applicationin the B.C. Supreme Court to begin bankruptcy proceedings for its Canadian division of variety stores that carry low-cost consumer goods and household items.
The news release further states that Minisos Guangzhou, China, headquarters wants to have its Canadian licensee declared bankrupt so a court officer can operate the 50 Miniso stores selling Miniso brand items in Canada.
Miniso Groups court petition claims that its operations in Canada have been misusing the Miniso trad…
Read the full article at: https://www.straight.com/news/1178426/miniso-canada-reaches-preliminary-agreement-chinese-parent-company-amid-news-bankruptcy