At the same time, the company’s weaknesses and growth pain points are equally prominent—and have become the central tests on its path to an IPO. First, control gaps in the franchising model are glaring. With franchised stores accounting for more than 95% of the network, quality control is extremely difficult. In 2024, the “worm incident” at a Beijing franchise store triggered a crisis of trust in the brand; related complaints on the Black Cat platform exceeded 380. Revenue at some outlets plunged by 30%. Meanwhile, in 2025 the ratio of newly opened to closed franchise stores deteriorated from 15:1 to 3:1. Franchisees’ payback periods averaged 13–20 months—and could be longer in top-tier cities due to intense competition. Waning franchisee enthusiasm directly undermines the stability of the company’s core source of revenue.
Любовь Ширижик (Старший редактор отдела «Силовые структуры»)
，这一点在im钱包官方下载中也有详细论述
It had been paying feed-in tariff (Fit) payments for electricity produced from my parents’ solar panels into his account. My parents had bought the panels jointly in 2011, and my mother is named on the certification and was ScottishPower’s main point of contact, so she thought it would be a simple matter for the payments to be switched to her bank account. It was not.
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Жуков ответил обвинившему его в шепелявости и профнепригодности ГубинуСергей Жуков изменил текст песни «Алешка» в ответ на критику Губина