In the increasingly crowded field space and more unpredictable capital variables, there may be more convenience store brands facing full-time in the future situation. Under the catalysis of the epidemic, the convenience store industry will accelerate into the next round of reshuffle.
This article comes from the WeChat public account: FN Commercial (ID: FN-24H) , author Zhuang, original title” opened 500 stores a hundred dead The tide of closure of convenience stores spurred by Yi Capital is not over, “the title picture is from: IC photo
On May 11th, Full-Time Convenience Store released the “Notice of Operation Adjustment of Full-Time Convenience Store” on the public account. The letter stated that all stores in the Beijing area will be on May 20 24 Officially closed.
Although the reason for closing the store at all times is “company strategic adjustment”, and the announcement was deleted shortly afterwards; but combined with the various types of operating losses, capital chain breaks, closing of the store and the rumors of closing the store for more than a year Look, it is not difficult to draw a conclusion-
Full-time this time should be finally dead.
Dead to P2P
Full-time convenience stores have also been famous for a while.
Starting in 2011, Quan Shifu, who focused on the Beijing market, quickly ran the horse enclosure as soon as it was born, and expanded to the whole country in just a few years. In 2017, Full Time announced a high-profile start investment of 10 billion yuan, covering “100 cities, 1 million terminals” in five years .
However, this “One Hundred Millions of Millions” plan is due to its parent company “Beijing Fuhua Excellence Business Management Co., Ltd.” (Referred to as “Fuhua”) ‘s P2P thunder event ended abruptly.
Industry information shows that Fuhua is a group enterprise with cultural tourism real estate as its main business, total assets of more than 100 billion yuan, and more than 10,000 employees. However, this large-scale company with a scale of 100 billion yuan basically relies on its own P2P, private equity and other highly leveraged self-financing methods for blood transfusion.
In 2018, many P2P companies under Fuhua successively suffered thunderstorms.