Haidilao brings its chief ‘firefighter’ back to China to rekindle growth at home
The return of 31-year company veteran Yang Lijuan, who oversaw the hotpot chain’s global operation, may be its best hope for reviving stagnating revenues and declining profits at home Key…
Haidilao dishes up overseas profits with a sour aftertaste
The hotpot brand’s international arm, Super Hi, is on track to post buoyant annual profits but under the surface increased competition is crimping margins Key Takeaways: The company expects revenues…
Local chick LXJ eyes big city lights with third Hong Kong IPO bid
After aborting plans for a domestic IPO in 2022, China's largest Chinese-style fast-food chain has turned its sights to more globally focused Hong Kong Key Takeaways: LXJ has applied a…
Jiumaojiu ladles up hotpot investment to boost overseas expansion
The restaurant operator will pay $43 million for new and existing shares of Big Way Group, boosting its stake to 49% of the North American hotpot chain Key Takeaways: Jiumaojiu’s…
Banu cooks up strong growth with cheaper eats, 24-hour stores
The premium hotpot chain has updated its Hong Kong IPO application, but could face headwinds due to recent investor preference for more cutting-edge companies Key Takeaways: Banu has filed an…
Banu ladles up new hotpot choice for Hong Kong investors
The restaurant chain’s IPO application reveals a complex mix of market trends in the first quarter, including a big rise in customer numbers but lower spending per customer Key Takeaways:…
NEWS WRAP: Green Tea Group slumps on Hong Kong trading debut
The restaurant operator’s shares fell 5.6% in their first half-day of trade, as investors worried about weak consumer sentiment in China By Doug Young Shares of restaurant operator Green…