More than a century after its founding as a dairy farm operator in Hong Kong, DFI Retail Group Holdings Ltd. (D01.SI) has been busy trimming assets across its 10,000-strong retail network in Asia as it tries to make its sprawling empire more efficient. But it was the company’s recent decision to call it quits in Mainland China that caught everyone’s attention, making it the latest foreign retailer to withdraw from the market.
创立逾百年、最早在香港以乳品牧场起家的DFI零售集团（D01.SI），近年持续在亚洲约10,000家门店的庞大网络中进行资产瘦身，以提升整体运营效率。不过，真正引发市场关注的，是公司近日决定退出中国内地市场，成为最新一家撤离当地的外资零售商。
The decision wasn’t a huge surprise for company watchers. Between 2023 and 2024 the company closed 92 of its Mainland outlets, leaving only 16 at the start of the year. Even so, the Dec. 17 announcement on the Mannings China WeChat channel still came as a surprise. The post said Mannings would shutter its remaining Mainland operations by mid-January, leaving only an asset-light cross-border business allowing Mainland customers to buy from its Hong Kong stores.
对长期关注该公司动向的人而言，这项决定其实并不算意外。2023年至2024年间，DFI已关闭92家内地门店，至今年初仅剩16家。尽管如此，当12月17日万宁中国微信公众号发布正式公告时，仍让不少人措手不及。公告指出，万宁将于明年1月中旬前关闭所有剩余内地业务，未来仅保留轻资产的跨境模式，让内地消费者通过香港门店购物。
The move made Mannings the second of Hong Kong’s “big three” personal care and beauty retailers to call it quits in China, following a similar shuttering of its Mainland brick-and-mortar presence by Sa Sa International (0178.HK), operator of the Sasa chain, in April. That leaves just Watsons as the sole representative of that trio still operating offline stores on the Mainland.
随着万宁退出，香港“美妆个护三巨头”中已有两家撤离中国。此前，莎莎国际（0178.HK）已于4月关闭其内地所有实体门店。至此，三者之中仅剩屈臣氏仍在内地维持线下门店营运。