Food & Beverage
Food operator Fairwood sees profit soar 152.4% to $153.6m
This was driven by increased productivity and cost management amongst others.
Food operator Fairwood sees profit soar 152.4% to $153.6m
This was driven by increased productivity and cost management amongst others.
China Youran Dairy estimates $3.2b net proceeds in global offering
It set its offer price at $6.98 per share.
Pandemic continues to dampen restaurant activity, as receipts drop 8.8%
Total receipts for the first quarter have been estimated at $19.7b.
Hong Kong relaxes COVID-19 measures as vaccine bubble starts
The government said the new social distancing measures would take effect from today, 29 April.
More than 40% of restaurants saw higher revenue in Q1
This represents a jump in growth from the 33% of restaurants that improved results in the the previous quarter.
Restaurant receipts down 25.9% to $21.2b in Q2
The declines narrowed from Q1 as social distancing measures eased.
Deliveroo rolls out breakfast service
People may now order food beginning 7:45AM on weekdays.
Deliveroo rolls out catering services
This new feature facilitates cross-district delivery from over 50 catering partners.
Deliveroo pilots in-app feature allowing users to donate
The feature will allow customers to roundup their bills and make financial donations.
Deliveroo signs up over 1,500 new restaurants
The app also recently launched “PickUp” feature for users. Deliveroo has seen over 1,500 new restaurants join the platform since January, according...
Total restaurant receipts down 5.9% to $112.5b in 2019
Q4 marked the largest fall since the outbreak of SARS in Q2 2003.
37% of restaurants saw revenue growth in Q4 2019
However, only two in 10 businesses have reported profit growth.
Restaurant receipts down 11.7% to $26.4b in Q3
This is the worst year-on-year decline recorded since the SARS outbreak in 2003.
Delivering the Virtual Restaurant of Tomorrow
No waiters, no diners: the food delivery boom is opening new doors for restaurants.
Restaurant receipts down 0.4% to $28.7m in Q2
Receipts of bars, Chinese restaurants and non-Chinese restaurants fell during the quarter.
Restaurant receipts rose 3% to $31.5b in Q1
Non-Chinese restaurants saw $9.58m in receipts.
Food spending to hit $291.6b by 2023
Its annual growth rate would moderate from 6% to 5.5% by 2023.
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