At the end of 2012, high-end catering began to enter the winter, coupled with CVC's repeated persuasion, Zhang Lan finally decided to sell her stake to CVC, and in January 2014 to complete the delivery. New Beijing News reporter recently learned that this equity ratio is CVC, Zhang Lan and South Beauty employees shareholding 82.7%, 13.8%, 3.5% respectively.
In 2015, CVC was out of the game for failing to repay a US$140 million acquisition loan to the syndicate as promised, and South Beauty was taken over by Hong Kong's Bohua.
Currently owned by Beijing Tianxing Overseas Catering Management Group, the group's brands include Beijing Banquet, Chao Shang Chao and Xing Hua Tang, which mainly focus on the "banquet" track.
It is worth mentioning that, Enterprise Search APP shows that on November 13, 2020, South Beauty's Tianjin South Beauty Catering Co., Ltd. was listed as an executor by the Tianjin Hexi District People's Court, case number (2020) Jin 0103 Execution No. 5283, the case of Tianjin Cangji Trading Co. 914,300 yuan, the company and the legal representative Sun Hongtao was restricted from high consumption.
Beijing Tianxing Overseas Sea Catering Management Group relevant person in charge said, this should be the acquisition of disputes before, the group was in the form of non-performing assets auction to buy back South Beauty, "now the company's legal affairs are also actively dealing with these historical disputes".