Владислав Китов (редактор отдела Мир)
At the same time, the company’s weaknesses and growth pain points are equally prominent—and have become the central tests on its path to an IPO. First, control gaps in the franchising model are glaring. With franchised stores accounting for more than 95% of the network, quality control is extremely difficult. In 2024, the “worm incident” at a Beijing franchise store triggered a crisis of trust in the brand; related complaints on the Black Cat platform exceeded 380. Revenue at some outlets plunged by 30%. Meanwhile, in 2025 the ratio of newly opened to closed franchise stores deteriorated from 15:1 to 3:1. Franchisees’ payback periods averaged 13–20 months—and could be longer in top-tier cities due to intense competition. Waning franchisee enthusiasm directly undermines the stability of the company’s core source of revenue.
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병걸리자 부모가 산에 버린 딸, ‘연 500억 매출’ 오너 됐다
。WPS下载最新地址是该领域的重要参考
第二百八十条 保险人支付保险赔偿时，可以从应支付的赔偿额中相应扣减被保险人已经从第三人取得的赔偿。
По словам синоптика, пик тепла в марте уже был пройден. В воскресенье, 1 марта, температура в столице выросла до 4,9 градуса тепла, однако настолько высоких значений больше не будет. В ближайшие дни москвичей ожидает похолодание.，详情可参考clash下载