Type Subsidiary Products Hot pot Founded 1999 | Industry Catering Headquarters Baotou, China | |
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Area served People's Republic of China, United States, Canada, Japan, Indonesia, UAE Key people Chairman: Mr. Zhang Gang
Deputy Chairman: Mr. Chen Hongkai Website Little-Sheep Catering Chain Company Limited Parent organizations Yum! Brands, Yum China Holdings Inc Subsidiaries Hefei Litte Sheep Catering Management Co. Ltd. | ||
Little Sheep Group Limited is a company founded in 1999 in Baotou, Inner Mongolia, China. Originally a private company, it specializes in operating hot pot restaurants, condiment and meat processing.
Little Sheep currently has over 300 chain restaurants in China (including Hong Kong and Macau), Taiwan and also the United States, the United Kingdom, Japan, South Korea and Canada. In 2007, it was awarded the most popular Chinese hot pot restaurant by Chinese Restaurant Association. It was listed on the Hong Kong Stock Exchange in 2008.
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.
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.