In 2016, the management decided to invest in the acquisition of the company's most
significant local competitor: Coinmotion.
Not exact matches
The decision to move away from the chain's preference for
local produce, when available, for its burritos, salads and rice bowls is a
significant shift for the fast - casual chain, which has prided itself on providing fresher ingredients than its
competitors.
They also find themselves up against a new kind of
competitor — nimble, focused, entrepreneurial enterprises, deeply embedded in their home markets, with
significant cost advantages, ready access to
local talent and often a hard - driving founder.
Surprisingly, Amazon hasn't yet built up
significant market share in China and faces stiff competition from
local competitors like Alibaba Group Holdings.