According to a report from the Economic Voice of Caijing Zaobao, Da Vinci furniture trapped in a “counterfeit†storm has to face the dilemma of operating cold. Da Vinci furniture company directors and spokespersons said when meeting with a few media, the company's sales have dropped by 80% to 90% in the past ten days since the incident, and the amount of consumers requesting a refund involves tens of millions. Qi planned to expand three new stores in the next two years, which was also stranded.
According to reports, Da Vinci has received dozens of consumer refund requests, involving tens of millions of yuan. The relevant person in charge said that if any product is deemed to be a non-conforming product by the relevant Chinese government departments, Da Vinci and the Italian manufacturer will strictly assume the responsibility for replacement or return in accordance with the regulations and accept administrative penalties. For those customers who have bought American brand furniture originating in China, if they are not satisfied, Da Vinci will also settle it properly after negotiation.
Li Shufu, chairman of Geely Group, is doing his best to push the huge Geely forward. Geely Group announced the launch of a 1 billion yuan corporate bond financing plan, and said that the proceeds will be used for fixed asset investment projects, repayment of bank loans and supplement the funds required for the Group ’s operations. At present, the total debt of Geely Group has reached 71 billion yuan. The issuance of 1 billion yuan of bonds this time means that Geely Group, which has a tight capital chain, will face more severe debt repayment pressures.
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