Haidilao CEO switches jobs to take charge of overseas expansion
June Yang, who is credited with steering Haidilao into profit after the pandemic, has moved to the CEO post at the hotpot chain’s international arm, Super Hi, two months after…
Xiabuxiabu serves up bold expansion plan for post-Covid comeback
The Taiwanese-style hotpot chain was still mired in losses last year, but its revenues are picking up as China’s economy recovers Key Takeaways: Xiabuxiabu has projected falling revenue and a…
Tumbling Profits Fail to Slow Jiumaojiu’s Appetite for Expansion
The restaurant chain known for its Tai Er brand of ‘sauerkraut fish’ said its profit fell 70% in the first half of the year on Covid disruptions and a rapid…
Hot Pot Giant Haidilao to Spin Off International Business Without Raising a Penny
Chinese restaurant chain is seeking to divest its overseas arm Super Hi International Holding Ltd. via distribution-in-kind listing in Hong Kong with no fund raising involved Key Takeaways: Haidilao shareholders…
Jiumaojiu Tastes Success in 2021 on Fast Growth for Its ‘Sauerkraut Fish’ Chain
Restaurant operator says its profit rose at least 166% last year on strong performance for its popular hotpot format, even as rival Haidilao moved in the opposite direction Key Takeaways:…
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