Private equity and investment advisory firm CVC Capital Partners announced that they have gained the approval of related authorities to acquire the Sichuan cuisine restaurant brand South Beauty.
The Chinese high-end restaurant chain South Beauty has announced the opening of a new outlet in Tangshan, Hebei province, which is also the brand's first self-owned restaurant in the province.
Zhang Lan, chairman of the South Beauty Group, revealed during an interview that the company is accelerating its expansion on the Chinese mainland and it plans to open 30 new restaurants in this marketplace in…
Chinese restaurant chain South Beauty has opened its first directly-operated restaurant in South China in Shenzhen, marking the beginning of its expansion it the southern area of China.
Chinese restaurant chain South Beauty, also known as Qiaojiangnan, has announced that the group plans to sell parts of its stake to CDH Investments and China International Capital Corporation to raise financing of CNY300 million.