"King of Yunnan" Shengxing Group Kunming camp closed – Shengxing, chan

Capital stumbled closed four stores, all stores closed down in Yunnan backyard fire

Guangqumen shop in Shengxing almost see customers.

11 29, Shengxing group's second store in Beijing Institute of Road store officially shut down. Thus, the last high-profile retail Wang Shengxing Group from Yunnan to Beijing in Beijing, leaving only a headquarters Guangqumen shop. However, it seems Shengxing defeated Beijing area is not a simple case. This week, Yunnan Kunming Shengxing Group headquarters building five Chinese suddenly closed, which means that once important Shengxing Group has deep quagmire.

Guangqumen shop almost no customers

In Beijing, the only remaining Guangqumen Shengxing shopping plaza has no past downtown scene. Home Appliances
Marketplace
, The electronic product container has been empty. Although the basement is still arrayed electrical goods store, but no sales staff. The next Shengxing supermarket cashiers and attendants in addition to, the little customers. Cooked food areas and
Cosmetic
Area has been empty. For when the closure, staff have the same tone and said: "We do not know." A property officer told reporters: "This shop has more than two months of this situation."

A group with close ties Shengxing insiders told reporters, "This (Guangqumen shop) is the last hope, if even there are closed, they really do not have a little hope." According to Shengxing Group, the original plan, Shengxing the next two years will be 20 in Beijing, built from 8000 to 50,000 square meters of shopping mall, the next two years into Shanghai, Guangzhou, Chengdu, Shenzhen and other regions.

"Shengxing in Yunnan is the gold standard"

Through Kunming's local supplier
Organization
Interview to a
Operate
Meat supplier, surnamed Li. The supplier told reporters Shengxing in Yunnan is the marquee name, as long as the slightly-scale suppliers to do business in the same process Shengxing can make money. The Shengxing the more money can not estimate the size of the. As to why the point where today Shengxing come, not understanding the source said. "I have heard Shengxing to Beijing to do business, and transferred a lot of money. But we shall end speed and does not feel significantly slower. Who do not know what happened. Shengxing owe us money do not know yet There is no hope, every day we sent a clerk to see. "

It is reported that the national procurement director who Ren Shengxing Wang Jianjun confirmed Shengxing all stores in Yunnan have been closed down. Shengxing Group's Web site tries to prompt contact person interview Shengxing groups, but more than 20 stores, including headquarters and customer service phone no one can connect. Some phones even have prompted "do not have this phone number." Group Marketing Director Song Changdong Shengxing receiving Beijing's phone to the "meeting ground" refuses to be interviewed.

Too fast expansion of the size of funds suspected to cause chain scission
Shengxing
began in earnest in 1989, the Group of Southwest business community has always been known as the "electric overlord" and "supermarket dark horse." Since 1998, electrical appliances throughout the year
Sell
The amount of sales in the industry survey (in Yee ranking) in the first five remained in the southwest regional sales in the first row to maintain.

However, in addition to two major areas of home appliances and supermarkets, the Shengxing also concurrently
Travel
Crafts and tourism management,
Real estate
Development of other industries. Shengxing group to Beijing in the early days, Beijing Song Changdong not shy about marketing director, said in Beijing into cash to support the tourism industry to do. Allegedly Shengxing Yun Bai Tourism Village South Heqing Xinhua Light year ticket sales have a billion dollars. "Coupled with the consumption of tourists in the village, the other industries we can provide sufficient cash to support." Songzhang Dong said.

But according to public information Shengxing Group, Shengxing itself in the tourism industry in recent years carried out extensive
Investment
. Dali, Shengxing billion investment, the process to craft silver,
Copper
Device known hometown of Chinese folk handicrafts developed into a AA grade scenic spot. Last year, the Group re-invested 300 million yuan Shengxing in the project.

Perhaps large-scale investment to Shengxing's cash flow problems. Sources said the assistant chairman of Shengxing proprietress Zhaoxing Rui Li Shih and sister have now been hundreds of providers blocking Beijing, Yunnan Bai Yun shop, not to leave.

depth analysis

Puma team executives is a failure of any cause of death

Terminal is king in the era of channels are considered to be
Financing
Function of ATM??? Whether supermarket or home appliance stores all this. Only Shengxing chosen, or forced to choose, and the channel as an investment object.

Original Shengxing Head of Market Development Group, said the opening of PriceSmart Shengxing owner of any executives of the same people is the business failure of "cause of death." In the supermarket industry, PriceSmart is the largest financial black hole in recent years.

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