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…
Hot pot dining boom helps Jiumaojiu serve up profit feast
The restaurant chain selling Chinese sauerkraut fish and hot pot dishes has rebounded from the pandemic with a nearly fourfold jump in first-half profits Key Takeaways: Jiumaojiu’s revenues surged more…
‘Sauerkraut Fish’ king flies back from Covid, as trendy tresses show signs of fading
Jiumaojiu’s revenue jumped more than 50% in the first half of the year, as its business returned to normal and it continued its rapid expansion Key Takeaways: Jiumoajiu’s revenue…