PARIS, June 26, 2024 /PRNewswire/ — MINISO, the global lifestyle brand known for its fun, affordable, design-led products, celebrated the grand opening of its brand-new flagship store in Paris on Saturday, June 22^nd. The prime location, situated at 104 Avenue des Champs-Elysées, places MINISO right in the heart of the city’s most iconic shopping district, nestled among the world’s most famous luxury brands and just steps away from the Arc de Triomphe. The grand opening created a buzz in the city, and the store even achieved a new MINISO record for single-day sales outside of mainland China.

The Paris flagship, which is MINISO’s largest store in Europe, marks a significant milestone for MINISO’s ongoing global expansion, aligning perfectly with the brand’s ambitious “Super Store” strategy. This strategic approach focuses on establishing large-format stores in key, high-traffic areas. These “Super Stores” offer customers a truly immersive MINISO experience, showcasing the brand’s extensive product range across categories like household goods, cosmetics, stationery, and more. The new flagship, which sprawls across two floors and over 8,600ft², particularly highlights MINISO’s IP collaboration collections – one of the brand’s key strategic product categories – with design elements and store zones dedicated to Sanrio, Disney, Barbie and others. The store will also be the first in France to debut the new BT21 IP collection.

The new opening comes on the back of strong financial performance for the brand in the March quarter of 2024. The brand’s total global revenue grew 26% YoY to US$515.7 million, while revenue generated from overseas markets surged by 52.6% YoY to US$169.2 million. This impressive performance reflects the relevance and resilience of the brand’s business model and the universal appeal of its products.

“The new flagship store in Paris is another exciting step forward for MINISO,” said Vincent Huang, general manager of MINISO overseas distributor markets and vice president. “Following the successful launch of Super Stores in Times Square and Oxford Street, this prestigious Parisian location further solidifies our commitment to the ‘Super Store’ strategy and its role in elevating the customer experience and propelling our global brand recognition.”

MINISO’s “Super Store” strategy goes beyond simply offering a wider product selection. These larger stores create a more engaging and interactive shopping environment, fostering a sense of discovery and excitement for customers. This emphasis on experience, combined with the brand’s dedication to high-quality products at affordable prices, is a key driver of MINISO’s success in international markets.

With the addition of the Paris flagship, MINISO now boasts a presence in 110 overseas (outside mainland China) markets, with 6,630 stores worldwide. The brand’s long-term vision is to become a global super brand, and it plans to achieve this by establishing 900 – 1,100 new stores globally in 2024, with over 50% of the new stores to be located overseas. This strategic expansion will solidify MINISO’s position as a leading lifestyle destination for consumers around the world.

About MINISO

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MINISO Group is a global lifestyle brand offering a variety of trendy lifestyle products featuring IP design. The Company serves consumers primarily through its large network of MINISO stores and promotes a relaxing, treasure-hunting, and engaging shopping experience full of delightful surprises that appeal to all demographics. Aesthetically pleasing design, quality, and affordability are at the core of every product in MINISO’s wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand “MINISO” as a globally recognized retail brand and established a massive store network worldwide.

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LONDON, June 26, 2024 /PRNewswire/ — Falcon Investment Management, a prominent multi-manager hedge fund platform based in London, is pleased to announce the launch of a new fund that provides select investors access to its exclusive investment platform for a limited period.

Marking its 10th anniversary, Falcon has established itself as a leading destination for emerging managers who seek independence and flexibility. The firm offers institutional-grade solutions, ranging from operations and risk management to seed and accelerator capital, supporting aspiring managers in their growth and success.

“We provide credit facilities to highly skilled investment teams. We partner with them by offering working capital while assuming a first-loss position, ensuring alignment with our investors and a commitment to long-term success,” stated Benny Menashe, Founder and Managing Partner of Falcon.

The newly launched Cayman-domiciled fund grants access to a hedge fund strategy that was previously reserved for large institutions. Given the high demand and limited capacity, this opportunity will be available for a limited time to a select group of investors, who will join as strategic partners with Falcon.

“We combine a private debt investment approach with a hedge fund-style strategy. Our sophisticated risk management and operational frameworks allow us to achieve high yields for our investors while maintaining low volatility and no correlation to other markets,” added Menashe.

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This open-ended fund is designed to provide income opportunities with monthly distributions and quarterly liquidity, offering a unique structure in its class.

Falcon was a pioneer in introducing the first-loss concept to European managers in 2021, becoming one of the first UK-based alternative investment firms to do so. Today, Falcon has established partnership arrangements with investment teams worldwide, including in Japan, Singapore, Hong Kong, UAE, UK, and beyond.

About Falcon Investment Management

Established in 2014 and headquartered in London, Falcon Investment Management stands as a leading alternative investment fund manager authorized and regulated by the Financial Conduct Authority (UK). Falcon’s unique hedge fund platform is an ecosystem that supports and invests in early-stage and seasoned managers, aiming to bridge talent and opportunity gaps. With institutional-grade resources, Falcon grants its partner managers unparalleled access to capital, operational infrastructure, and global distribution opportunities.

Falcon Investment Management Ltd, is authorised and regulated by the Financial Conduct Authority (FCA). Registered in England and Wales with registered number 09277206 and FCA registered number FRN 673552.

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For more information about Falcon, please visit: Falcon Website

Contact

Benny Menashe
Managing Partner
+44 203 827 0275
[email protected] 

View original content:https://www.prnewswire.co.uk/news-releases/falcon-investment-management-unlocks-ultra-exclusive-hedge-fund-strategy-for-family-offices-302182096.html

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The partnership reported receiving preliminary approval from the Ministry of Energy to export an additional 118 bcm of natural gas

The Leviathan partners intend to undertake detailed engineering planning (FEED) in the near future to expand the production system of the Leviathan reservoir as part of Phase 1B of the Leviathan development plan

TEL AVIV, Israel, June 26, 2024 /PRNewswire/ — Ratio Energies partnership (TASE: RATI), which holds 15% of the Leviathan natural gas reservoir, has achieved a significant milestone. The partnership reported receiving a principal permit to export natural gas from the Leviathan field. The permit allows for an additional total quantity of up to 118 BCM, with the possibility of increasing the quantities to 145 BCM under certain conditions, subject to the decision of the professional echelon in the Ministry of Energy. This is the largest export permit ever granted for a natural gas reservoir in Israel.

The Leviathan field, the largest of the existing fields in Israel, contains an estimated 608 BCM of gas. To date, only about 43 BCM have been supplied to the local market and export markets. The expansion of production from Leviathan will be undertaken as part of Phase 1B of the field’s development plan and is expected to increase annual production to approximately 21 BCM.

The partnership, together with Leviathan’s partners, continues negotiations to sign agreements for the sale of natural gas to customers in the local market and for export. These agreements are based on both current production capacity and future production capacity within the framework of the third pipeline project and Phase 1B of the Leviathan development project.

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Yigal Landau, CEO of Ratio Energies: “The Ministry of Energy’s decision to approve additional export quantities of natural gas from the Leviathan field up to 118 bcm is a positive development for the Israeli energy market. The demand for natural gas in Israel and regional markets is growing, and we are prepared to expand production from the Leviathan project accordingly. Expanding production will increase revenues for the country and enhance Israel’s energy security due to additional natural gas available for consumers in Israel. Leviathan’s partners are actively working to promote the field’s expansion and to continue to solidify its position as a strategically important regional gas reservoir.”

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