Beauty No More: Assets of Chinese Restaurateur Frozen Over Dispute With CVC

Chinese restaurant group South Beauty has a lofty ambition. Its founder Zhang Lan loves to tout her chain as the future “Louis Vuitton” of the global dining market. But the 57-year-old has been running into obstacles- China’s crackdown on corruption and waste has turned bureaucrats and businessmen away from the high-end chain, as they fear of being seen in fancy restaurants. Now a widely …

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