Citic Group

Retail Asia08/12/2016

While finalising a buyer for its China and Hong Kong stores, McDonald’s Corp has decided to keep a “significant” minority stake. The US fast-food chain has picked a consortium led by private-equity firm Carlyle Group and Chinese conglomerate Citic Group to buy the stores. Its decision to retain the minority stake lowered the price tag […]

Retail Asia03/12/2016

A private-equity led consortium has been chosen to buy 20-year franchise rights for McDonald’s China and Hong Kong, Reuters is reporting. The successful bidder is a consortium led by private-equity firm Carlyle Group and Chinese conglomerate Citic Group, who will pay up to US$3 billion, according to an unidentified source who spoke with Reuters. A […]

Retail Asia20/10/2016

Lotte Department Store has signed on to a joint venture with Citic Group, a state-owned Chinese company, to operate a shopping mall in Shanghai and to build three more in the region between 2017 and 2019, the Korean company announced Monday. The joint venture will operate the already-existing Citic Square Mall in the bustling commercial […]

Retail Asia08/09/2016

Private equity firms Carlyle Group and TPG Capital have teamed up with two different Chinese state companies to bid for the McDonald’s China and Hong Kong franchise licences. The deal is said to be worth between US$2 billion and US$3 billion, reports the Straits Times. McDonald’s has previously said it is looking for long-term partners […]

Tag: Citic Group

Changed deal as McDonald’s Corp sells

McDonald’s China deal done

Lotte jumps into Shanghai retail

New contenders for McDonald’s China and Hong Kong