Xiabu Xiabu

Xiabu Xiabu Catering Management Co., Ltd.
Traditional Chinese 呷哺呷哺餐飲管理有限公司
Simplified Chinese 呷哺呷哺餐饮管理有限公司
Xiabu Xiabu restaurant at West Yan'an Road Station in Shanghai

Xiabu Xiabu Catering Management Co., Ltd.[1] or Xiabu Xiabu (Chinese: 呷哺呷哺; pinyin: Xiābǔ Xiābǔ) is a fast food hot pot restaurant chain in China.[2] Its headquarters is in Daxing District, Beijing.[3]

The company was established in 1998.[1] As of 2012 there are over 300 Xiabu Xiabu restaurants in the cities of Beijing, Shanghai, and Tianjin and in the provinces of Hebei, Jiangsu, and Liaoning.[4]

As of 2008 the company used centralized kitchens, and one hot pot meal at Xiabu Xiabu had a cost of 27 renminbi or $4 U.S. dollars.[5]

History

In November 2008 Xiabu Xiabu had 53 locations in Beijing. The company planned to have 60 locations by the end of that year.[5] In 2008 Actis Capital paid $51 million U.S. dollars to acquire a majority stake of Xiabu Xiabu.[6] Actis stated that in a three-year period it wished to increase the number of stores by three times the original number.[7]

In 2012 Actis sold the company to global growth equity firm General Atlantic.[6] Actis intended to be paid $150 million for its sale.[8]

References

  1. 1 2 "Company Overview of Xiabu Xiabu Catering Management Co., Ltd." (Archived 2014-08-31 at WebCite). Bloomberg Businessweek. Retrieved on August 31, 2014.
  2. ↑ Cheung, Sonja. "Asian Private Equity Starts the Week Hungry for Deals." Wall Street Journal. April 28, 2014. Retrieved on August 31, 2014.
  3. ↑ "呷哺呷哺餐饮管理有限公司招聘启事" (Archived 2014-08-31 at WebCite). Beijing University of Agriculture. 2014-04-23. "我们的联系方式 呷哺呷哺（中国）总部地址：北京市大兴区黄村镇孙村工业开发区海鑫南路15号"
  4. ↑ "Xiabu Xiabu Completes Investment" (Archived 2014-08-31 at WebCite). General Atlantic. 12.13.2012. Retrieved on August 31, 2014.
  5. 1 2 "Actis invests in leading Hot pot chain, Xiabu Xiabu, completing their recent hat-trick of transactions in the Chinese consumer sector" (Archived 2014-08-31 at WebCite). Actis Capital. November 11, 2008. Retrieved on August 31, 2014.
  6. 1 2 Yuen, Alvina. "Actis exits hotpot chain Xiabu Xiabu to General Atlantic." Asian Venture Capital Journal. Incisive Media Investments Limited/Incisive Financial Publishing Limited, December 13, 2012. Retrieved on August 31, 2014.
  7. ↑ "UPDATE 1-Actis buys major stake in Beijing hot pot company" (Archived 2014-08-31 at WebCite). Reuters. Tuesday November 11, 2008. Retrieved on August 31, 2014.
  8. ↑ Cheung, Sonja. "Actis Sells Stake in Chinese Hot Pot Chain Xiabu Xiabu." LBO Wire, Dow Jones & Company, Inc. December 13, 2012. Document DJFLBO0020121213e8cdfx6sb. "Actis, which specializes in emerging markets, bought a majority stake in Xiabu Xiabu for $50 million in 2008, and the firm planned to sell its stake for $150 million, according to media reports in April."
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.