CITIC, Carlyle To Complete Acquisition Of McDonald's China And Hong Kong Businesses
American fast food China McDonald's is set to be acquired in China by a consortium.
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China's 361 Degrees Closes 464 Stores
Chinese sportswear brand 361 Degrees announced its operational overview for the fourth quarter of 2016, and stated that the company's main brand achieved an individual store sales increase of 7.5%; and its individual store sales…
Private Equity Firms Feast On McDonald's China
American fast food China McDonald's was prey to a fast investment deal cooked up by CITIC and Carlyle Group.
Chinese Roast Duck Icon Increases Overseas Branches
China's leading roast duck restaurant Quanjude is bringing its unique waterfowl taste to more diners around the world.
Michael Kors Buys Back Franchising Rights In Greater China For USD500 Million
American light luxury brand Michael Kors has invested USD500 million in the acquisition of Michael Kors (HK) Limited, the exclusive licensee of Michael Kors in China and certain other regions in Asia.
McDonald's To Introduce Strategic Investors In China
International fast food chain McDonald's will introduce strategic investors in the Chinese market.
KFC Opens First Restaurant In Tibet
The world's leading fast food restaurant chain KFC officially opened a store in Lhasa, making it the first well-known international food and beverage brand to enter Tibet.
Yum Separates China Businesses
The world's leading food and beverage group Yum! Brands, Inc. announced that the company will separate its China businesses.
Greater China Contributed 20.9% Sales To Tod's In Q1 2015
Tod's Group, an Italian maker of luxury shoes and other leather goods, announced its financial report for the first quarter of 2015, which indicated that the Greater China market contributed 20.9% of the total sales…
Carpenter Tan Net Profit Up 2.3%
Chinese maker, distributor, and retailer of small wooden products Carpenter Tan published its performance report for 2014, stating that the company realized operating revenue of CNY298 million, a year-on-year increase of 6.2%; and its net…