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: Jiumaojiu reports same-store sales growth for its Tai Er chain in first quarter
Jiumaojiu International Holdings Ltd. (9922.HK) said on Friday that same-store sales for self-operated restaurants from its core Tai Er chain rose 6.9% in the first quarter, as a 10.9% rise…
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…
BRIEF: Fresh food model lifts Jiumaojiu’s Tai Er back to same-store sales growth
Jiumaojiu International Holdings Ltd. (9922.HK) said average daily sales at its flagship Tai Er restaurant chain fell 3% year-on-year in the fourth quarter, narrowing from a 9.3% decline the previous…
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…
Freshly prepared ‘sauerkraut fish’: Jiumaojiu’s salvation or a new sinkhole?
Once a dominant force on China’s dining scene, the restaurant operator is hoping to revive its business by using live fish killed and prepared on-site for its signature dish Key…
Is serving too fast a sin? The Chinese paradox of pre-made foods
A recent ‘scandal’ involving a major restaurant chain is raising the question of whether China’s proud food culture can digest an industrialized dining revolution By Lee Shih Ta Whenever…
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