Yes, since the outbreak, Ruisi Subject English has closed all its own learning centers. Since the first quarter of 2020, the financial situation of Reith English has appeared bad clues.

In the first quarter of 2020, Reece achieved revenue of 65.438+0.09 billion yuan, a year-on-year decrease of 67.50%; The net loss was 654.38+004 billion yuan, a year-on-year decrease of 385.50%.

In 20 13, Ruisi English was acquired by Bain Capital, which successfully became the largest shareholder of Ruisi English. As an investor of Gome and Gymboree, Bain Capital naturally introduced Sun, a former Gome executive, to Reith.

In 2020, Reith English suffered a major setback. Bain Capital, as the largest shareholder, complained bitterly and had to bear the pain of investment damage.

More crucially, Bain Capital is also responsible for this series of consequences.

According to public information, since Bain Capital introduced Sun, who used to be an executive in Gome, to Ruisi Sub-branch, Sun directly applied the business model of home appliance industry-"joining model" to Ruisi subject English, which was simple and rude, and brought a short-term sweetness to Ruisi subject English, but it also caused an uproar.