YIWU, China, March 6, 2017 /PRNewswire/ -- Yosen Group, Inc. (stock symbol: YOSN) ("Yosen", or "the Company") today announced to have added a new business model: "whole store franchising". The first franchised store managed by Yosen, Haigohuge, located at Shushan District of Hefei city, Anhui Province in Eastern China, has opened for business. With the "whole store franchising" model, Yosen provides not only the global quality products of over 10,000 kinds offline and over 5,000 kinds online through its Lamapai cross-border B2C+O2O global shopping platform, but also Yosen's operational management to the franchised store, including products overseas purchasing, distribution logistics, store design, and brand marketing.
Haigohuge is the first cooperative partner to build a whole franchised store under Yosen's model. Yosen led series of store opening preparations, from location selection, layout design, store renovation to products sourcing and training. With this Yosen successfully secured RMB 1.3 million worth of orders to supply products initially and anticipates orders exceeding RMB 10 million from Haigohuge over the next one year or so.
The Chairman of Haigohuge Mr. Xiao Chen commented: "the cooperation with Yosen made it easier for us to build our O2O business model with an experience center plus an online shopping platform, which allows us to provide the boarderless shopping experience for our customers. Yosen's abundant merchandising resources and professional marketing operation enabled the successful opening of Haigohuge. The cooperation with Yosen is very promising."
"The success of Haigohuge has validated that Yosen's extensive operational management capability has stepped up to a new level. We not only helped Haigohuge successfully launch their new online offiline retail business model, but also brought in future trend of retail stores such as kitchen experiencing area, seafood tasting section, and bar. It is a true demonstration of our whole store franchising practice," said Yosen's CEO Mr. Zhenggang Wang.
Haigohuge import goods supermarket is located at the central area of Hefei city, Anhui Province, occupying an area of 4,000 square meters (around 43,056 square feet). With an investment of over RMB 50 million, Haigohuge aims to be the largest high quality import goods supermarket in Anhui Province, including retail, wholesale, franchising, and O2O cross-border shopping, providing global quality import products to consumers.
About Yosen Group, Inc.
Yosen Group, Inc. ("Yosen Group", or "Yosen") was founded in Yiwu City, Zhejiang Province, in 1997. Yosen Group, through its corporate headquarters in China and its wholly-owned U.S. subsidiary, is committed to building cross-border sales channels for bringing the world's best consumer products to China and, simultaneously, introducing China's most competitive products to the overseas markets. Yosen Group is China Commodity City Group's exclusive partner in the Greater New York area. The Company operates under the "Yosen" and "Yong Xin" brand names.
For more information, visit http://www.yosn.com/.
Safe Harbor Statement
Certain statements in this press release, constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding the Company's future performance. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the periodic reports that are filed with the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
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SOURCE Yosen Group, Inc.