Discount retailer Miniso Australian master franchisee collapses into voluntary administration – Property Observer
Launched in Australia back in 2017, Miniso is headquartered in Guangzhou, China, It is understood the company suffered from a lockdown decline in foot traffic, and it did not have a very strong e-commerce strategy. Minisos local landlords, including ASX-listed centre owners Scentre Group, GPT Group, Vicinity Centres and Stockland, are not receiving rent payments…