IPO Dynamics - Green Tea Group Limited has initiated its IPO process, set to end on May 13, 2025, with plans to list on the Hong Kong Stock Exchange under the stock code "6831" on May 16, 2025 [3] - The company plans to issue a total of 168,364,000 shares, with 16,836,400 shares available for public offering in Hong Kong and 151,527,600 shares for international offering [3] - Green Tea Group ranks third in the number of restaurants and fourth in revenue among casual Chinese restaurant brands in mainland China, indicating its market scale and strength for an IPO [3] Acquisition Dynamics - The Australian Competition and Consumer Commission (ACCC) has begun an informal assessment of Lactalis' proposal to acquire assets from Fonterra, with Rothschild acting as an advisor for Lactalis [5] - The ACCC is seeking public feedback on the acquisition, highlighting potential overlaps in raw milk procurement, dairy processing, and supply to food service businesses [5] - The acquisition could impact consumers and the market, as Lactalis may leverage its global network to enhance the visibility of Mainland Group's brands [5] Brand Dynamics - A Bathing Ape (Bape) has collaborated with singer JJ Lin to launch a limited edition series, coinciding with his concert tour [7] - The collection features three items designed in JJ Lin's favorite purple color, including a notable Bape Sta Color Camo Purple sneaker [7] - This collaboration is expected to create a new wave of demand due to the combination of Bape's streetwear appeal and JJ Lin's celebrity influence [7] Financial Data - Puma reported a 63.7% decline in EBIT for Q1 2025, dropping from €159 million to €57.7 million, with sales slightly increasing by 0.1% to €2.07 billion [22] - Sales in the Europe, Middle East, and Africa region grew by 5.1% to €891.7 million, while the Americas saw a 2.7% decline to €753.7 million, primarily due to poor performance in North America [22] - The Asia-Pacific region experienced a 4.7% sales decline to €430.5 million, with ongoing weakness in the Greater China market being a significant factor [22] - Pandora achieved a 7% organic sales growth in Q1 2025, with total sales reaching 7.35 billion Danish Krone, driven by an 18% increase in online sales [25] - The company maintains its forecast for 2025, expecting organic growth between 7% and 8%, with notable growth in the U.S. market at 11% [25] - European sales grew by 4%, with strong performances in mature markets like Spain and Portugal [25] Personnel Dynamics - Tory Burch has announced three management appointments, with Thibault Vilet becoming the new President for Asia-Pacific, Japan, Europe, and the Middle East [29] - Paolo Zullo has been appointed as the President for Europe and the Middle East, effective July 2025, overseeing retail, e-commerce, and distribution in the region [29] - Joshua Chen will join the brand, with Vilet continuing to report to CEO Pierre-Yves Roussel [29]

商报讯（实习生 陈喆语 记者 吕文鹃）5月8日，2025杭州米其林指南正式发布，全面展现杭州餐饮业的 蓬勃活力与创新格局。新版指南不仅见证了杭帮菜的复兴与国际风味的深度融合，更迎来杭州首家米其 林绿星餐厅的诞生。共计77家餐厅入选杭州米其林指南，其中1家晋升为米其林二星，另有12家米其林 一星餐厅，26家必比登推介餐厅，38家米其林指南入选餐厅；较去年上榜餐厅总数增长约15%。 这一年，杭州新开业餐厅数量可观，风格多元纷呈，品质亦保持高水准。米其林指南国际总监格温达· 普勒内克先生在会上表示，"我们的评审员在过去一年里深入探访了从地道小馆到高端餐厅的各类食 肆。他们发现杭州本土餐饮的规模与水准正在稳步提升，亦感受到了杭州餐饮市场的蓬勃活力"。 新版榜单中，共13家米其林星级餐厅，其中1家新晋米其林二星；而在12家获颁米其林一星的餐厅中，5 家餐厅成功晋级或首次上榜。杭州首家米其林绿星餐厅"朴竺"无疑成为本版指南一大亮点。该餐厅从本 地食材采购、素食文化推广到传统饮食哲学传承，为行业树立典范。 代表本土风味的杭帮菜正焕发出蓬勃生机。通过厨师们持之以恒的反复锤炼与突破，传统杭帮菜也能绽 放新时代的魅力。如院正是其 ...

Core Insights - The "immersive palace banquet restaurant" trend is gaining significant popularity on social media, with over 30,000 related posts on Xiaohongshu, particularly among young consumers seeking unique dining experiences [1][3]. Group 1: Restaurant Popularity - A number of palace-themed restaurants are emerging across various cities in China, with notable examples including the "Han Culture Food Theater" in Beijing and "Shu Yan Fu" in Chengdu, both of which have received extensive media coverage and high customer engagement [3][4]. - The "Palace Banquet" restaurant boasts a 40% repurchase rate, indicating strong customer loyalty and satisfaction [3]. - "Shu Yan Fu" has attracted 90,000 visitors within its first year, consistently ranking first in the popular dining lists in Chengdu [3]. - "Le Yan·Sheng Tang" in Xi'an hosted 730 palace banquets in 2024, serving over 60,000 customers, contributing to significant revenue for the local area [3]. Group 2: Unique Dining Experience - The immersive experience offered by these restaurants includes costume changes and live performances, enhancing the overall dining experience beyond just food [5][10]. - Each dish is paired with a corresponding performance, drawing from historical narratives and featuring classical dance, music, and opera [7]. - The pricing for these experiences ranges from 300 to 700 yuan per person, with specific packages like the "Spring Banquet" priced at 398 yuan for lunch and 498 yuan for dinner [7]. Group 3: Cultural Appeal - The rise of these restaurants is attributed to a growing appreciation for traditional culture among young consumers, who favor modern interpretations of ancient themes [8][10]. - The combination of cultural dining and immersive experiences meets the evolving consumer demand for diverse and personalized dining options [10]. Group 4: Challenges and Future Outlook - Despite their popularity, some restaurants face criticism regarding food quality, safety, and performance standards, indicating a need for balance between cultural experience and culinary excellence [12]. - For sustained success, palace-themed restaurants must address these challenges while continuing to innovate in both cultural presentation and food quality [12].

（原标题：直播顾客用餐，逾越了权利边界） 当你走进某个餐厅大快朵颐，可曾想到，自己有可能被直播？据报道，近日，有网友发帖反映，某餐饮 店在直播时拍摄到了顾客用餐的画面。网友觉得不适，表示不想再去该门店用餐。此帖发出后，引起了 公众的热议。 倘若餐厅想要毫无麻烦地直播，只有两种办法：一种是镜头远离顾客，避免将顾客纳入直播画面中，成 为直播的一部分，侵犯他人的隐私权和个人信息权利。另一种办法则是，事先告知消费者，并且征得他 们的许可。在个人信息保护法等法律中，也明确了"知情""同意"的基本原则，如果不是"为履行法定职 责或者法定义务所必需""为应对突发公共卫生事件，或者紧急情况下为保护自然人的生命健康和财产安 全所必需"等，有关主体不能擅自处理个人信息，否则就要承担不利后果。 类似餐厅直播顾客用餐现象，并非个案孤例。此前，有媒体报道过，某火锅店老板喜欢在店里做直播， 以此招揽生意，有顾客入镜直播间后，认为火锅店老板侵犯了自己的肖像权，将其告上法庭，最终获赔 500元。其实，随着直播的全民化、全域化，不仅是在餐厅，机场，医院、地铁站、火车站乃至博物 馆、图书馆等公共场所，都是一些主播经常直播和拍摄短视频的场所，常有 ...

（来源：中新网） "在这里工作，我收获了前所未有的快乐和尊重。"22岁的戴浩是金牛区门店的实习副店长，6岁时因疾 病失去大部分听力的他，曾辗转多个行业。通过店内系统培训，他已熟练掌握数10种菜品的制作。戴浩 用不太标准的发音说，这里的员工都希望让外界看到，残疾人同样可以自食其力，像健全人一样工作、 生活。 张笑菲还有一个身份是音乐人，空闲时间他会指导有音乐爱好的员工学习唱歌，计划以后让他们在餐厅 进行演出。"音乐让他们找到情感表达的新途径。"此外，张笑菲还不定期在线上招募对手语感兴趣的网 友，让员工在店内免费教他们手语。"我希望通过手语课的形式，让更多的人能学会与听障人士的基本 沟通。" 在店内的留言墙上，满满都是顾客写下的鼓励与祝福。一位食客写道："这里不仅提供健康餐食，更是 一座连接不同世界的桥梁。" 下个月，"小满无声"的第六家轻食餐厅将开业，张笑菲希望能有更多的听障朋友前来应聘。谈及未来， 张笑菲透露，"小满无声"计划拓展烘焙、花艺等赛道，打造"轻食+"模式，帮助更多残障人士就业。"店 铺取名'小满'的意思就是，人生不用如此十全十美，小满也是一种圆满。" 在四川成都街头，一家名为"小满无声"的轻食餐厅 ...

中国商报（记者 贺阳）近日，据港交所披露，绿茶集团有限公司（以下简称绿茶集团）通过港交所主 板上市聆讯，花旗、招银国际为联席保荐人。在业内有"初代网红"餐厅之称的绿茶集团曾多次递表欲上 市，但均未成功登陆资本市场。业内人士认为，今年新茶饮品牌纷纷上市，在一定程度上为餐饮品牌上 市注入了"强心剂"，但从招股书数据来看，绿茶集团翻台率及客单价等核心指标呈现下滑趋势，即便成 功上市，企业仍面临品牌老化、行业竞争激烈等挑战。 今年计划开150家餐厅 在过去三年里，绿茶集团开店与闭店的数量都在不断增加。2022—2024年，其新开餐厅分别为47家、89 家、120家；同期，其关闭餐厅分别为7家、5家、15家。 此外，从客单价、翻台率、同店销售额这几大重要指标来看，绿茶集团的经营数据呈现下滑趋势。招股 书可见，绿茶餐厅的整体人均消费由2023年的61.8元减少至2024年的56.2元；公司的整体翻台率由2023 年的3.30次下降至2024年的3.00次；同店销售额增长率为-10.3%，而上一年同期则为26.2%。 从不同区域的市场表现来看，绿茶集团的收入可分为华东、广东、华北以及其他地区。去年，绿茶来自 华东和其他地区 ...

（文/霍东阳 编辑/张广凯） 夹在这一波年轻的现制茶饮上市潮中，有个餐饮老将显得格外扎眼。与沪上阿姨同天通过聆讯，第五次 递表的初代"网红餐厅"绿茶也披露了聆讯后的招股书。 自2021年3月以来，绿茶五次递交上市招股书、三次通过聆讯，曾经距离敲钟上市仅一步之遥，却又因 种种原因无功而返。如今，绿茶的业绩已难复当年之勇，单店收入和翻台率持续下滑，只能靠大量开店 拉动营收增长，却同时背上了巨大的流动负债压力。再次叩响港交所大门的绿茶，这次能否成功挂牌 呢？ 在大众点评、小红书的网络平台尚未完全兴起时，绿茶曾提供了一种"网红范本"：高颜值和独特口感 的"爆品"，辅以精致门店装修风格的"场景"，以及二者结合让消费者自发拍照而形成的"社交货币"。 随着市场竞争加剧，绿茶"高性价比+网红流量"的打法逐渐失效，关键经营指标持续下滑。2024年，绿 茶录得38.38亿的收入，较前一年仅增长6.5%。 | | | | 截至12月31日止年度 | | | | | --- | --- | --- | --- | --- | --- | --- | | | 2022年 | | 2023年 | | 2024年 | | | | 人民幣 ...

出海（出国）赚钱，现在成了中国企业最热门的选择，特别是关税风波的影响下。 我这一年在日本、中亚、越南、印尼、大马等地的商业旅行，发现很多企业，其实根本不适合出海。国外并不是随便捡钱的地方，一方面是热火朝天的出 海，一方面是败走麦城，狼狈回到国内。 如果不能真的下定决心，做好准备，我劝你别出海。 新加坡街头的中餐厅（南七道摄） 老板不信任：一个新的国家，要派一个有实权的合伙人级别的，有足够的预算，足够的决策权，足够的信任。国内的老板，对外派的经理人也不会完全信 任。经理人会背负非常大的压力，会受到市场和内部的双面夹击。 我在越南遇到很多这样的中国考察团，一共是5天河内胡志明之行，前三天，是半天考察，半天休息吃喝。后两天再去湄公河或者富国岛，芽庄转转。或 者搞点其他节目。 出海靠员工：一家公司，如果准备在海外发展，仅仅外派一个普通管理层，就想着把这事情做成，可能性为0。很多想出海的公司，从国内派一两个高 管。在当地找个办公室和公寓，招几个员工。这样就打开局面，赚得盆满钵满。这几乎是妄想。 一是普通高管他们决策能力有限。在海外当地开拓业务，会有很多突发情况的，只有长期在当地摸爬滚打，才能体验到真实市场，并及时应对。 ...

Summary of Key Points Core Viewpoint - The article provides an overview of the recent IPO activities in the Hong Kong stock market, highlighting the companies that have submitted applications, passed hearings, and are in the process of going public. Group 1: Companies Submitting Applications - Demy Pharmaceutical Co., Ltd. submitted an application to the Hong Kong Stock Exchange, focusing on skin health with projected revenues of approximately RMB 3.84 billion, RMB 4.73 billion, and RMB 6.18 billion for 2022, 2023, and 2024 respectively, while incurring losses of RMB 55.17 million, RMB 4.70 million, and RMB 106 million [4] - Zhongwei New Materials Co., Ltd. submitted its prospectus, specializing in new energy battery materials with revenues projected at RMB 30.34 billion, RMB 34.27 billion, and RMB 40.22 billion for 2022, 2023, and 2024 respectively, and net profits of RMB 1.54 billion, RMB 2.10 billion, and RMB 1.79 billion [4] - Hehui Optoelectronics submitted an application, ranking second globally in AMOLED semiconductor display panel manufacturing, with revenues of approximately RMB 4.19 billion, RMB 3.04 billion, and RMB 4.96 billion for 2022, 2023, and 2024, and losses of RMB 1.60 billion, RMB 3.24 billion, and RMB 2.52 billion [5] - Suzhou Rebo Biotechnology Co., Ltd. submitted its listing application, currently having six self-developed siRNA drugs in clinical trials, with projected net losses of RMB 437 million and RMB 282 million for 2023 and 2024 [6] - Naxin Microelectronics submitted an application, ranking fifth in China's analog chip market, with revenues of RMB 1.67 billion, RMB 1.31 billion, and RMB 1.96 billion for 2022, 2023, and 2024, and profits of RMB 250 million, losses of RMB 305 million, and losses of RMB 403 million [7] - Guanghetong Wireless Co., Ltd. submitted its prospectus, being the second-largest wireless communication module provider globally, with revenues of RMB 5.20 billion, RMB 5.65 billion, and RMB 6.97 billion for 2022, 2023, and 2024, and net profits of RMB 365 million, RMB 565 million, and RMB 677 million [8] - Hongxing Cold Chain (Hunan) Co., Ltd. submitted its application, ranking second in frozen food trading services in Central China, with revenues of RMB 237 million, RMB 202 million, and RMB 234 million for 2022, 2023, and 2024, and net profits of RMB 79 million, RMB 75 million, and RMB 83 million [9] - Three Squirrels submitted a listing application, being the largest online nut snack enterprise in China, with revenues of RMB 7.29 billion, RMB 7.12 billion, and RMB 10.62 billion for 2022, 2023, and 2024, and net profits of RMB 129 million, RMB 220 million, and RMB 408 million [10] Group 2: Companies Passing Hearings - Junda Co., Ltd. passed the hearing, being a leading photovoltaic cell manufacturer with projected revenues of RMB 11.09 billion, RMB 18.61 billion, and RMB 9.92 billion for 2022, 2023, and 2024, and net profits of RMB 821 million, RMB 816 million, and losses of RMB 591 million [11] - Green Tea Group Limited passed the hearing, ranking third in the number of restaurants and fourth in revenue among casual Chinese restaurant brands in mainland China, with revenues of RMB 2.38 billion, RMB 3.59 billion, and RMB 3.84 billion for 2022, 2023, and 2024, and profits of RMB 17 million, RMB 296 million, and RMB 350 million [12] - Shanghai Auntie passed the hearing, being the fourth largest fresh tea drink network in China, with revenues of RMB 2.20 billion, RMB 3.35 billion, and RMB 3.29 billion for 2022, 2023, and 2024, and net profits of RMB 149 million, RMB 388 million, and RMB 329 million [13]

商业综合体是这些美食门店的重要集聚地，目前上海各类商场超过500座，这些商场里的上万家各类餐厅，成为我们这次讨论的主角。 上海作为全国菜系和品牌最丰富且餐饮竞争最激烈的城市，本文将重点解析上海近百个菜系数万家餐厅中， 目前正走红的菜系和最热门的品牌是哪些？ 哪些区哪些商圈哪些商场，是 热门餐厅的聚集地？ 无论业内考察还是拔草尝鲜都可以看看本文，找找参考答案。 "民以食为天"的千年古训，在当代消费语境中正被赋予新的时代注脚。 撰文｜郭歆晔 冯文涛 来源｜Mall星人 餐饮行业正呈现冰火两重天的局面。一方面，大量中小餐厅乃至知名连锁品牌因市场竞争激烈而退市，据红餐网统计，去年全国有近300万家餐厅倒闭； 另一方面，企查查数据显示，去年新增注册餐饮企业接近360万家，存量超过1684万家，餐饮创业热情不减，行业规模持续扩大。 与此同时，购物中心的餐饮商铺供应量不断增加，餐饮品牌选址和消费者消费却更加谨慎，人均消费下滑，对口味性价比和高质量的要求则进一步提高， 这对商场餐饮招商提出了更高要求。 根据上海市商业联合会和上海产业转型发展研究院联合发布的《上海世界美食分布指数》，全球5大洲、43个国家的美食，在上海派生了出 ...