‘You can’t hide from the invisible’: why Bangkok police make arrests in disguise

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But even if you don’t give in to the constant FOMO - it’s impossible to argue that the way we worked hasn’t changed. Almost every part of our work looks different, and will continue to evolve.

Product recycled or renewable content is the mass of certified recycled material relative to the overall mass of the device, not including packaging or in-box accessories.

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Chris Hayward, the corporation's policy chairman, said the decision marked a "major step forward for the Barbican Centre and its place on the world stage".

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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.