Why are Hong Kong eateries selling ‘poor man’s meals’ bucking closure trend?

Why are Hong Kong eateries selling ‘poor man’s meals’ bucking closure trend?

Eateries specialising in what were once known as “poor man’s meals” and which typically operated in Hong Kong’s lower-income neighbourhoods are now bucking the local trend of closing restaurants, with many chains now expanding across the city. One expansive player is Kuen Fat Kitchen, which recently came under the spotlight for spending HK$180,000 (US$22,900) a…

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Why are Hong Kong fast-food giants Cafe de Coral, Fairwood suffering in downturn?

Why are Hong Kong fast-food giants Cafe de Coral, Fairwood suffering in downturn?

Two of Hong Kong’s largest fast-food chains, Cafe de Coral and Fairwood, both suffered a near 30 per cent drop in profits last year, with experts attributing their struggles during the economic downturn to ageing diners and intense competition from delivery platforms. The two companies were considered resilient players during previous downturns caused by global…

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Hong Kong eyes foreign investors in Cepa update to allow city’s laws on mainland

Hong Kong eyes foreign investors in Cepa update to allow city’s laws on mainland

Hong Kong authorities and industry leaders have voiced optimism foreign investors will be lured by recent relaxations to a cross-border trade deal allowing the city’s business to adopt local laws and arbitration services for their mainland China operations. Maggie Wong Siu-chu, the permanent secretary for commerce and economic development, said on Wednesday that the amendment…

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