Gluttony comes from the Japanese word Sabu Sabu, which means one-person, one-pot bar-style hot pot, a form popular in Japan that was phonetically translated as Gluttony when it came to Taiwan.

Gluttony is a chain restaurant, originating from Taiwan, founded in Beijing in 1998, characterized by the perfect combination of the novel bar-style dining form and traditional hot pot, creating a new mode of fashion bar hot pot.

Hotpot Positioning:

In 2013, Gluttony ranked second among all fast casual restaurant chains in China in terms of system-wide revenues and the number of restaurants, with a market share of approximately 15.8% in terms of system-wide revenues, and approximately 7.6% in terms of the number of system-wide restaurants. Gluttony created the bar-style hot pot restaurant format in China in 1998, providing customers with a unique fast casual dining experience.

Gluttony's past performance showed steady growth, with revenue increasing from RMB997 million in 2011 to RMB1.890 billion in 2013, representing a compound annual growth rate of 37.7%, and net profit increasing from RMB76 million in 2011 to RMB141 million in 2013, representing a compound annual growth rate of 36.4%. For the year ended June 30, 2014, Gluttony's revenue increased by 17.7% y-o-y to RMB1.019 billion and net profit rose by 41.8% y-o-y to RMB82 million.