Little Sheep Group

From Wikipedia, the free encyclopedia
Jump to: navigation, search
 Little Sheep Group Limited
小肥羊餐飲連鎖有限公司
Type Subsidiary
Industry Catering
Founded 1999
Headquarters Baotou, Inner Mongolia, People's Republic of China
Area served People's Republic of China, USA, Canada, Japan, Indonesia, UAE
Key people Chairman: Mr. Zhang Gang
Deputy Chairman: Mr. Chen Hongkai
Products Hot pot
Parent Yum! Restaurants China
Website Little-Sheep Catering Chain Company Limited

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

Little Sheep currently has over 300 chain restaurants in China (including Hong Kong, Macau), Taiwan and also the United States, the United Kingdom, Japan, South Korea and Canada. In 2007, it was awarded as 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]

References[edit]

  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. 

External links[edit]