Company Directory - MINISO Group Holding Ltd
Company Details - MINISO Group Holding Ltd
MINISO Group Holding Ltd
WebsiteGuangzhou, China
MINISO Group Holding Ltd is a global variety store retailer that offers a wide range of affordable, high-quality lifestyle and consumer products in a minimalist retail environment. The company focuses on providing stylish merchandise across categories such as home goods, electronics, beauty, and fashion, positioning itself as a leader in fast-turnaround, low-price retail.
CCI Score
CCI Score: MINISO Group Holding Ltd
30.47
-0.02%
Latest Event
MINISO Implements Enhanced Supplier & Labor Rights Standards
MINISO Group Holding Ltd has integrated stringent social responsibility requirements into its supplier access standards and demonstrated commitment to employee welfare through its union initiatives and comprehensive supplier codes, ensuring adherence to labor rights, environmental standards, and safety protocols.
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DISSENTER
MINISO Group Holding Ltd is currently rated as a Dissenter.
Latest Events
- MAR092024
MINISO Group Holding Ltd has integrated stringent social responsibility requirements into its supplier access standards and demonstrated commitment to employee welfare through its union initiatives and comprehensive supplier codes, ensuring adherence to labor rights, environmental standards, and safety protocols.
+80
Labor Relations and Human Rights Practices
March 27
MINISO demonstrates a robust commitment to labor rights by supporting its employees with extensive welfare facilities and by embedding labor rights protections in its supplier agreements. This proactive approach to employee welfare and human rights reflects positively against authoritarian practices.
+80
Supply Chain Ethics
March 27
MINISO enforces a rigorous supplier code of conduct that mandates compliance with social responsibility standards, including labor rights, environmental regulations, and safety measures. This effort ensures ethical sourcing and provides a check against suppliers that might contribute to authoritarian economic structures.
- MAR092024
MINISO Group Holding Ltd has actively promoted charity projects focusing on children, women, critical illnesses, disasters, and small animals. This initiative underscores a strong commitment to ethical business practices and corporate social responsibility, positioning the company as a positive contributor to community welfare.
+70
Business Practices and Ethical Responsibility
March 27
MINISO's extensive engagement in social welfare and charitable projects demonstrates a commendable commitment to ethical responsibility. By supporting causes related to children, women, critical illnesses, disasters, and small animals, the company illustrates proactive business practices that counter elements of societal neglect often exploited by authoritarian forces. While further details on the scale and governance of these initiatives would be valuable, the demonstrated community investment strongly aligns with positive, anti-fascist corporate behavior.
MINISO's dedication to social welfare forms a substantial part of its corporate identity
- MAR092024
MINISO's governance page outlines enhanced management rules, rigorous business ethics training, strict anti-corruption measures, and the adoption of international standards for information security, highlighting its commitment to ethical business practices.
+70
Business Practices and Ethical Responsibility
March 27
MINISO has demonstrated a commitment to improving management rules, internal monitoring, and business ethics training along with strict anti-corruption policies. These practices are positive indicators within the Business Practices and Ethical Responsibility category, promoting transparency and ethical conduct.
+60
Technology and Services Impact
March 27
MINISO's adherence to internationally recognized standards such as ISO 27701 and ISO 27001 for information security and privacy protection indicates a proactive approach to mitigating technology-related risks. This enhances consumer trust and demonstrates responsible use of technology.
- FEB232024
A class action fraud suit accusing MINISO of misrepresenting its franchise model and concealing revenue challenges was dismissed by a US district court. Despite the dismissal, the incident raises concerns about the company's transparency and ethical business practices.
-20
Business Practices and Ethical Responsibility
March 27
MINISO was accused of potentially inflating its share price by misrepresenting its franchise model and concealing challenges to revenue. Although the class action fraud suit was dismissed, these practices raise serious questions about the company's commitment to transparency and ethical responsibility in its business practices, aligning with concerns over corporate accountability that can indirectly support broader systemic issues.
MINISO Gets Class Action Fraud Suit Over Franchise Model Tossed
- SEP152022
MINISO Group Holding Ltd announced the substantial completion of an independent investigation into allegations raised in a short-seller report regarding its franchise business model and chairman's involvement in land deals. The investigation concluded that key allegations were not substantiated, indicating a commitment to transparency and accountability in business practices.
+60
Business Practices and Ethical Responsibility
March 27
The independent investigation, completed promptly after serious allegations concerning the company's franchise business model and land deals, yielded findings that the key allegations were unsubstantiated. This response, while necessitated by external accusations, demonstrates MINISO’s effort to maintain ethical responsibility and transparency. However, the very need for an investigation underscores initial concerns regarding business practices.
MINISO Announces Substantial Completion of Independent Investigation
- JUL272022
An investigation by The Law Offices of Frank R. Cruz revealed that MINISO Group Holding Limited may have misrepresented its business model by portraying its stores as independently operated franchises while evidence indicates that over 620 of those franchises are registered under executives' names. This potentially misleading practice has led to investor losses and raises concerns about the company's ethical standards in business practices.
-50
Business Practices and Ethical Responsibility
March 27
MINISO is under investigation for allegedly misrepresenting its franchise operations. The claim that nearly all stores in China are independently operated is contradicted by evidence that a substantial number of these franchises are controlled by company insiders. This deceptive practice compromises transparency and undermines investor trust, reflecting a serious lapse in ethical business practices.
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