Retail in Asia

In Sectors

Top Chinese hot pot chain up for sale

Foreign investors who want to be part of China’s growth story are looking at a majority stake of Xiabu Xiabu, a popular hot pot chain restaurant in the country now up for sale.

Private equity firm Actis bought a majority stake of Xiabu Xiabu Catering Management for USD50 million in 2008 but is now cashing out of its investment, according to people briefed on the matter. Xiabu Xiabu operates hot pot restaurants in major Chinese cities including Shanghai and Beijing.

The sale is considered a rare opportunity for foreign investors to obtain control of a household-name restaurant brand in China as many are state-owned or family-owned businesses that are usually not up for sale.

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(Source: scmp.com)