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A cautionary China tale

Published Tue, Jan 14, 2014 · 10:00 PM

ABR Holdings' attempts to make an imprint on the Chinese market reads like a cautionary tale.

In the early 2000s, the company obtained the Swensen's franchise for China and started restaurants in Shenzhen and other cities. But the company ran into problems trying to control their franchisees, which did not buy ice cream from ABR's suppliers.

"Franchisees operated their business under the name of Swensen's but sold ice cream from other sources," executive chairman Keith Chua said.

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Companies & Markets

Companies & Markets

A cautionary China tale

Companies & Markets

Air China to buy 100 locally made C919 jets in US$11 billion deal

HCA beats first-quarter profit estimates on higher patient admissions

F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Exxon misses on Q1 profit despite big gains in Guyana

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

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