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24-04-2019, 07:57 PM
(This post was last modified: 24-04-2019, 09:35 PM by dreamybear.)
If BW did nothing wrong, it will probably release another clarification document to Bonitas Research.
Although BW is still quite a significant portion of my portfolio, I welcome such reports. At least, they conducted site visits to different China franchises/offices and showed some pictures. It is very difficult for us to conduct channel checks as we are not based in China; not easy to travel to different parts of China; hard to get to know any China based distributors or franchise owners.
I am still trying to absorb the materials, but as for the "deserted" franchises, my initial thought is 1Q is usually the slowest for BW, so there may not be much activity anyway. As a matter of fact, I think BW SG lifestyle shops are usually quite empty, although they adhere strictly to operating hours.
Although BW is still quite a significant portion of my portfolio, I welcome such reports. At least, they conducted site visits to different China franchises/offices and showed some pictures. It is very difficult for us to conduct channel checks as we are not based in China; not easy to travel to different parts of China; hard to get to know any China based distributors or franchise owners.
I am still trying to absorb the materials, but as for the "deserted" franchises, my initial thought is 1Q is usually the slowest for BW, so there may not be much activity anyway. As a matter of fact, I think BW SG lifestyle shops are usually quite empty, although they adhere strictly to operating hours.
"Let all that you do be done in love." 1 Corinthians 16:14