By Inside Retail Asia
Hong Kong-listed hot pot chain, Haidilao, is to launch in the Philippines in June in a joint venture with an unidentified local partner.
The company’s plans were confirmed by the Department of Trade and Industry (DTI) and consultation was provided by the Philippine Trade and Investment Center in Hong Kong.
The location and number of stores have not yet been disclosed. However, the Philippine expansion is expected to create approximately 400 jobs. The Philippine News Agency said the launch was originally planned for the first half of 2020 but was delayed due to the advent of Covid-19.
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