Little Sheep Group

Little Sheep Group Limited
小肥羊餐饮连锁有限公司
Subsidiary
Industry Catering
Founded 1999
Headquarters Baotou, Inner Mongolia, People's Republic of China
Area served
 People's Republic of China, United States, Canada, Japan, Indonesia, UAE
Key people
 Chairman: Mr. Zhang Gang
Deputy Chairman: Mr. Chen Hongkai
Products Hot pot
Parent Yum China
Website Little-Sheep Catering Chain Company Limited
Little Sheep Group Limited
Traditional Chinese 小肥羊餐飲連鎖有限公司
Simplified Chinese 小肥羊餐饮连锁有限公司

Little Sheep Group Limited is a company founded in 1999 in Baotou, Inner Mongolia, China. Originally a private company, it specializes in operating hot pot restaurants, condiment and meat processing.

Little Sheep currently has over 300 chain restaurants in China (including Hong Kong and Macau), Taiwan and also the United States, the United Kingdom, Japan, South Korea and Canada. In 2007, it was awarded the most popular Chinese hot pot restaurant by Chinese Restaurant Association. It was listed on the Hong Kong Stock Exchange in 2008.[1]

Little Sheep posted ¥2 billion in revenues in 2010, or 2% of dining-out receipts in China, according to Pei Liang, secretary-general of the China Chain Store & Franchise Association.[2]

In 2011, Little Sheep was sold to Yum! Brands Inc, a U.S.-based fast food franchise conglomerate (headquartered in Louisville, Kentucky). Yum agreed in May 2011 to acquire Little Sheep for $587 million; however, the deal was delayed for four months as the Chinese Ministry of Commerce conducted an anti-trust investigation.[3] In 2016, Yum! Brands spun off their Chinese operations into Yum China, which included Little Sheep. [4]

References

  1. ↑ "Hong Kong ship owner seeks to re-list". Financeasia.com. Retrieved 2011-12-21.
  2. ↑ Jin, Tony (2011-10-27). "Uncertainty Surfaces Over Yum's Takeover of Little Sheep". Thechinaperspective.com. Retrieved 2011-12-21.
  3. ↑ Guang, Yin (2011-11-08). "China Corporate News: Yum's Little Sheep Takeover Review Cleared". Thechinaperspective.com. Retrieved 2011-12-21.
  4. ↑ "Yum! Brands, Inc. (NYSE: YUM) today announced that it has completed the separation of Yum China Holdings, Inc. (“Yum China”) from Yum! Brands, creating two powerful, independent, focused growth companies."
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