Xiabu Xiabu
| Xiabu Xiabu 呷哺呷哺 | |
|---|---|
 | |
Native name | 呷哺呷哺 |
| Type | Public |
| SEHK: 520 | |
| Industry | Restaurant |
| Founded | 1998 |
| Headquarters | , |
| Website | www |
| Xiabu Xiabu Catering Management Co., Ltd. | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 呷哺呷哺餐饮管理有限公司 | ||||||
| Traditional Chinese | 呷哺呷哺餐飲管理有限公司 | ||||||
| |||||||
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Xiabu Xiabu Catering Management Co., Ltd. or Xiabu Xiabu (Chinese: 呷哺呷哺; pinyin: Xiābǔ Xiābǔ) is a fast food hot pot restaurant chain in China. Its headquarters is in Daxing District, Beijing.
History
![[icon]](https://en.wikipedia.org/wiki/File:Wiki_letter_w_cropped.svg){kind=small} | This section needs expansion. You can help by adding missing information. (August 2014) |
The company was established in 1998.
As of 2008, the company used centralized kitchens, and a hot pot meal at Xiabu Xiabu cost 27 renminbi (approximately $4 U.S. dollars). By November 2008, Xiabu Xiabu operated 53 locations in Beijing, with plans to expand to 60 locations by the end of the year. That same year, Actis Capital paid $51 million U.S. dollars to acquire a majority stake of Xiabu Xiabu, stating an aim to triple the number of stores within a three-year period.
As of 2012, there were over 300 Xiabu Xiabu restaurants across Beijing, Shanghai, Tianjin, and the provinces of Hebei, Jiangsu, and Liaoning. Also in 2012, Actis sold the company to global growth equity firm General Atlantic, intending to secure $150 million from the sale.
In September 2018, the chain lost £145 million in market value after a customer found a dead rat in her soup at an outlet in Weifang.
By 2021, there were 1,077 restaurants under the Xiabu Xiabu brand and its sister brand, Coucou.
References
- 1 2 "Company Overview of Xiabu Xiabu Catering Management Co., Ltd.[link removed]" (). Bloomberg Businessweek. Retrieved on August 31, 2014.
- ↑ Cheung, Sonja. "Asian Private Equity Starts the Week Hungry for Deals." Wall Street Journal. April 28, 2014. Retrieved on August 31, 2014.
- ↑ "联系我们". Xiabu Xiabu. Archived from the original on 2022-03-07. Retrieved 2022-03-07.
北京市大兴区黄村镇孙村工业开发区海鑫南路15号 呷哺呷哺餐饮管理有限公司
- 1 2 "Actis invests in leading Hot pot chain, Xiabu Xiabu, completing their recent hat-trick of transactions in the Chinese consumer sector" (Archived 2014-09-03 at the Wayback Machine). Actis Capital. November 11, 2008. Retrieved on August 31, 2014.
- 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.
- ↑ "UPDATE 1-Actis buys major stake in Beijing hot pot company" (). Reuters. Tuesday November 11, 2008. Retrieved on August 31, 2014.
- ↑ "Xiabu Xiabu Completes Investment" (Archived 2014-09-21 at the Wayback Machine). General Atlantic. 12.13.2012. Retrieved on August 31, 2014.
- ↑ Cheung, Sonja. "Actis Sells Stake in Chinese Hot Pot Chain Xiabu Xiabu Archived 2016-03-04 at the Wayback Machine." 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."
- ↑ Binding, Lucia (13 September 2018). "Xiabu Xiabu restaurant loses £145m after pregnant woman finds dead rat in soup". Sky News. Archived from the original on 2018-09-14.
- ↑ "Hotpot Chain Xiabu Xiabu Comes to a Post-Pandemic Simmer With 58% Revenue Boost - Caixin Global". www.caixinglobal.com. Retrieved 2023-01-05.
External links
- (in Chinese) Xiabu Xiabu Archived 2020-10-22 at the Wayback Machine
- Xiabu Xiabu - General Atlantic