Recent events
Recent events tied to this brand in public sources.
Back to profile5 entries
2026
Want Want plans layoffs of about 1,000 employees
Want Want Group is reported to plan layoffs of about 1,000 employees, with nearly 400 already cut, after an internal letter from chairman Tsai Eng-meng described a major operating crisis and called for underperforming staff to be eliminated.
2026
Want Want plans layoffs of about 1,000 employees
Want Want Group plans to cut about 1,000 jobs, with nearly 400 already laid off, according to Caixin, and some departments plan to cut 8% of staff; employees were asked to fill in self-reflection forms that managers score, with the lowest scores possibly being laid off, while top unit supervisors are exempted.
2026
Want Want chairman calls Q2 performance a 'major operating crisis'
Want Want Group chairman Tsai Eng-meng sent an internal letter to all employees in early August calling the April-June performance shortfall a 'major operating crisis', attributing it to insufficient product innovation, unchanged distributor cooperation, customer loss and declining distributor profits; China Want Want issued a profit warning on July 26 on the Hong Kong Stock Exchange citing slowing traditional wholesale channel sales and rising promotion and staffing costs.
2026
Want Want Group warns of major operating crisis as Q1 net profit falls 38%
Want Want Group founder and chairman Tsai Eng-meng said in an internal letter dated August 14 that the company's first-quarter results missed expectations and it faces a major operating crisis, with total revenue down about 6% year on year and net profit down 38% for the three months ended June 30, 2026.
2019
Wangwang Group wins 2019 New Domestic Goods award
Wangwang Group received the 2019 New Domestic Goods Annual Trendsetting Model Award at an event held in Shanghai on October 31.