BRIEF: Jiumaojiu’s revenue, profit fall as same-store sales tumble 20%
Restaurant operator Jiumaojiu International Holdings Ltd. (9922.HK) last Friday reported its revenue and profit both fell more than 10% in the first half of the year, as growing consumer caution…
BRIEF: ‘Sauerkraut Fish’ parent Jiumaojiu reports sharp same-store sales declines
Chinese restaurant operator Jiumaojiu (9922.HK) announced on Friday that average daily same-store sales for its self-operated Tai Er, Song Hotpot and Jiu Mao Jiu chains fell 24.6%, 26.9% and 18.5%…
BRIEF: Invesco sells down Jiumaojiu stake as foreign exodus advances
Invesco sold down its holdings in Jiumaojiu International Holdings Ltd. (9922.HK), becoming the latest global fund manager to pare its stake in the operator of several popular restaurant chains. The…
Jiumaojiu sinks as consumers shun its pricey ‘sauerkraut fish’
The operator of a trendy mid-range restaurant chain is getting undermined by rising popularity of ‘poor man’s meals’ from competitors Key Takeaways: In a stunning reversal, Jiumaojiu warned it expects…
FAST NEWS: Jiumaojiu forecasts eightfold profit jump
The latest: Restaurant operator Jiumaojiu International Holdings Ltd. (9922.HK) announced Thursday that it expects to report its net profit rose more than 800% to 450 million yuan ($62.5 million) or higher last year.…
Jiumaojiu takes a taste of franchising
The restaurant operator said it will test out franchising for its popular Tai Er ‘sauerkraut fish’ chain in transport hubs and Western China’s Xinjiang and Tibetan regions Key Takeaways: Jiumaojiu…
Fishy loan undercuts Jiumaojiu’s corporate governance image
The operator of a trendy restaurant chain disclosed it made an $11.2 million loan to its founder in January without informing the board or shareholders Key Takeaways: Jiumaojiu said it…
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