Shake Shack to expand in China

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Shake Shack Inc.
SHAK,
+1.74%
said late Tuesday it is expanding its network of stores in China, as it and licensee Maxim’s Caterers Ltd. are planning to open 10 restaurants by 2031, including locations in Sichuan, Chongqing, Yunnan and other areas. Shake Shack has 16 stores in China, including Beijing and other major cities. The new agreement increases the company’s development commitment with Maxim’s in China to 79 in the next 10 years. Shares of Shake Shack rose 1.4% in the extended session Tuesday after ending the regular trading day up 1.7%.

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