The impact on the parent company is not significant, the company is not large, just a very ordinary business of Yonghui Supermarket. Recently, there are media reports, Yonghui company's subsidiary Shanghai on vegetables Yonghui fresh food Co., Ltd. formally filed for bankruptcy, and then Yonghui also said that the company's bankruptcy will not affect the company's financial settlement and investor returns. It is reported that the company was founded seven years ago, mainly operating offline fresh food, has completed the C round of financing, its investor lineup is also very luxurious, the company's shareholders, including Morgan Stanley, Green Capital Holdings, Bright Food, etc., of which Wing Fai is the largest shareholder, occupying 32% of the shares.
Industry sources said the sudden bankruptcy and closure of Wing Fai on the vegetables, mainly due to the lack of clarity in the positioning of its company, compared with other fresh food supermarkets, there is no difference. Its main brand has two, one is the boutique route of LAFIE and a food court route of Fmart. but in recent years the offline fresh industry competition is fierce, each unicorn company are a lot of money to expand, compared to the brand competitiveness on the Vegetable Wing Fai is obviously not as good as other companies. And since the beginning of this year, the offline fresh food industry has suffered a cold winter, many new unicorn companies have fallen, there are only a few giant background companies are still expanding.
It is reported that since this year the fresh food industry began to expand into the field of grocery shopping, Jingdong launched the ? Xiaoqi Pinyin? Society services, focusing on offline group grocery shopping services, and box Ma Fresh Life has also begun to provide next-day grocery pickup service, in the fresh food industry suffered a winter, everyone in the field of grocery shopping to find a breakthrough.
Some investors said that, in fact, for Yonghui company, the bankruptcy and liquidation of Shang Vegetable Yonghui is rather a good thing, because this company has been losing money in the past few years, and from the view of the financial report of 2019, Yonghui Supermarket's investment in Shang Vegetable Yonghui has a return of 0, which means that this company has never created a revenue for Yonghui company.