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…
BRIEF: Guoquan profit jumps as revenue growth accelerates
Guoquan Food (Shanghai) Co. Ltd. (2517.HK), a supplier of ingredients for hotpots and other dining at home, last Thursday reported its revenue rose 20.7% last year, as its profit rose…
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…
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…
BRIEF: Guoquan Food feasts on China’s growing preference for stay-at-home dining
Guoquan Food (Shanghai) Co. Ltd. (2517.HK) on Monday reported its revenue rose 22% in the first half of the year, while its profit more than doubled, as the company feasted…
Xiabuxiabu gets chilled by China’s weak economy
The personal hotpot restaurant chain warned its revenue fell and its losses grew last year as increasingly cautious Chinese consumers cut back their spending Key Takeaways: Xiabuxiabu said it expects…
