Shake Shack Reveals Major China Expansion Plans
China is ready for more fast-casual dining establishments. At least, that's what Shake Shack (NYSE: SHAK) is counting on; the company announced in a press release on Tuesday that it is expanding a partnership with a licensee in that country that will result in at least 15 new Shake Shacks in south China by 2030.
All told, the company wrote, it aims to have a total of 55 throughout mainland China by that time.
Image source: Shake Shack.
Source Fool.com
