DFI Retail’s Mannings shutters in mainland China
The beauty and wellness business intends to integrate its operations across Hong Kong and Macau
[SINGAPORE] DFI Retail Group’s beauty and wellness business Mannings on Wednesday (Dec 17) announced the closure of all stores across mainland China, due to “consumer behaviour” changes.
Its physical stores will stay open until Jan 15 next year, said Mannings in a statement on its WeChat account.
Official online stores of Mannings on platforms such as JD.com, Tmall and Pinduoduo, however, will close between Dec 24 and 28 this year.
The statement said that Mannings intends to integrate the business’ operations across Hong Kong and Macau – namely its physical stores and e-commerce channels – with mainland China’s cross-border e-commerce model.
On Mar 24, DFI Retail Group announced its sale of Cold Storage Singapore to Macrovalue (Malaysia).
The retail operator still owns other consumers brands such as Guardian in Singapore and household goods brand Meadows.
The Business Times has reached out to DFI Retail Group for comments.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
