Is the South Beauty lawsuit over?
It's over. The case was ostensibly a reputation infringement lawsuit, but it centered on clarifying the facts of South Beauty's merger and acquisition. Winning the case clarified the so-called "betting agreement" and so on, but it couldn't hide the fact that South Beauty had gone from strength to strength. Since 2008 when Zhang Lan first embraced capital, and seven years later when South Beauty Group announced that its largest shareholder CVC and founder Zhang Lan had quit the board of directors of South Beauty, this famous restaurant company has experienced many changes in shareholders in the past seven years, as well as the failure of the listing, the decline in profits, and the fate of the capitalist dumping, etc. The company is now in the midst of a new wave of mergers and acquisitions.