Hong Kong’s restaurant industry faces a bleak second half of the year as both low-cost and high-end operators succumb to the economic slowdown, sector leaders have warned, putting part of the blame on the trend of residents heading across the border to spend. Industry representatives gave their grim assessment on Sunday, just days after King…
Hong Kong’s restaurant industry faces a bleak second half of the year as both low-cost and high-end operators succumb to the economic slowdown, sector leaders have warned, putting part of the blame on the trend of residents heading across the border to spend. Industry representatives gave their grim assessment on Sunday, just days after King…
Thai dessert chain After You Dessert Cafe will exit the Hong Kong market, closing its two shops after three years amid the city’s continuous slump in retail sales. “Farewell! Thank you for your support since January 2022,” the company said in a social media post on Tuesday. “Our last day in Hong Kong will be…