VIPS

Industry	Restaurant
Founded	1997 (1997) in South Korea
Headquarters	Seoul , South Korea
Number of locations	112 stores (2015)
Website	ivips.co.kr

VIPS is a restaurant chain in South Korea owned by the CJ Foodville of CJ Group.

History

In South Korea

The first store was opened in 1997 in Deungchon, Seoul.^{[citation needed]}

As of 2015, the chain had 112 branches in South Korea.^[1] The number of stores, however, decreased sharply in the next few years. It decreased to 61 in 2018 and 45 in December 2019.^{[2] [3]} VIPS recognized the crisis, and attempted various changes for sales growth through changing the store concepts and interior relevant to the targets that live near the store.^[4]

In China

In 2015 CJ Foodville announced a plan to set up some 100 restaurants in China by 2017.^[5]

References

External links

• https://www.facebook.com/ivips/
• Official website

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