Miniso, a Chinese design brand with more than 3,500 stores around the world, has started operations in Nicaragua through a local company called CIRI Nicaragua.
García & Bodán Nicaragua has advised CIRI Honduras in the incorporation, registration and permitting of CIRI Nicaragua, which will be the company through which the Miniso international franchise will operate. In addition, García & Bodán advised the company on the signing of a lease agreement in the exclusive Galerías Santo Domingo Shopping Center, where the first Miniso store in Nicaragua is located, which opened in December 2021, and a lease agreement in the Metrocentro Shopping Center, which will open in the coming months.
Legal advice was provided by Partner Carlos Téllez and Dania Navarrete, Senior Associate.
Miniso is a Chinese chain of low-cost stores that specializes in home and consumer merchandise, including cosmetics, stationery, toys and kitchenware. It has expanded outside the Chinese market and operates 1,800 stores in Asia, Europe, Australia, Africa, North and South America, and has a presence in three Central American countries.