A Hong Kong recipe to beat restaurant crisis – clever concepts, cheaper meals?

Hong Kong’s restaurant sector is in crisis, with a wave of closures, shrinking margins and residents lured by cheaper options locally and across the border. In the second of a two-part series, the Post looks at how operators are bucking the trend to thrive and survive. Read part one here.

Shortly after Italian chef Stefano Rossi opened his restaurant in one of Hong Kong’s poorest neighbourhoods, he began to worry he had bitten off more than he could chew.

The restaurant, tucked away in a corner of the food court at Dragon Centre shopping centre in Sham Shui Po, was racking up daily losses. But its fortunes began to change after a few weeks, following positive reviews on social media.

“We got kind of lucky at the beginning, because some video went viral,” said Rossi, who helped design the first menu of the popular Italian restaurant chain Pici.

The unusual choice of location was all part of the package, as Rossi set his sights on luring curious diners who had few options for quality Western cuisine in the neighbourhood.

“I knew from day one that this place had very good potential. The area is very busy and we also want to give a chance to the nearby residents to taste real Italian flavour,” he said.

Rossi added that he was keen to offer lower prices than other sit-down restaurants while keeping quality high by making all the pasta and sauces by hand.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Federal Reserve chair Jerome Powell will address the Jackson Hole summit on Friday. Photo: EPA-EFE

Hong Kong stocks fluctuate as investors await Fed’s Jackson Hole insights

Hong Kong stocks wavered on Thursday in the absence of catalysts ahead of the Federal Reserve’s annual Jackson Hole symposium. The Hang Seng Index fell 0.2 per cent at 11.30am local time after rising as much as 0.2 per cent. The Hang Seng Tech Index declined 0.6 per cent. On the mainland, the CSI 300

Bottled water brands seize on Hong Kong procurement scandal to promote products

Bottled water brands seize on Hong Kong procurement scandal to promote products

Some bottled water brands in Hong Kong are taking advantage of a growing government procurement scandal to promote their products. Watsons Water posted on social media on Wednesday that its products were “safety and quality assured”, highlighting its strictly controlled production processes, which included multiple filtration and high-temperature distillation. The post received almost 380 reactions.

Ferdinand Cheuk Siu-yuen, Senior Vice-President and Portfolio Manager at Templeton Global Equity Group, during the Franklin Templeton press conference on January 16, 2019. Photo: Tory Ho

Hong Kong’s stock rally still has room to run on ‘reasonable’ valuations, Templeton says

Hong Kong stocks remain favourable, as attractive valuations and easing tariff uncertainty have enhanced the predictability of corporate earnings on the city’s stock market, according to US fund manager Franklin Templeton. The firm, which manages US$1.5 trillion of assets worldwide, was “constructive” on Hong Kong and mainland China’s stock markets, as the valuations remained reasonable

Hong Kong's top pickleball player Jack Wong Hong-kit in action. Photo: Handout

Hong Kong pickleball ace wants sport to come out of tennis’ shadow

Jack Wong Hong-kit believes pickleball deserves to stand on its own and not just be considered an extension of other racquet sports. Speaking ahead of this week’s Hong Kong Open, the city’s top player said he was focused on making his home fans proud as the Professional Pickleball Association makes its debut at Kai Tak

Foxconn unit invests US$30 million in Hong Kong-based Robocore

Foxconn unit invests US$30 million in Hong Kong-based Robocore

A unit of Foxconn Technology Group, the world’s largest electronics contract manufacturer, is investing US$30 million in Hong Kong-based Robocore Technology, marking the Taiwanese company’s foray into the smart robotics market. Foxconn Technology – an independently listed firm in Taipei that is 9.88 per cent owned by the Apple and Nvidia supplier – made the

Ferdinand Cheuk Siu-yuen, Senior Vice-President and Portfolio Manager at Templeton Global Equity Group, during the Franklin Templeton press conference on January 16, 2019. Photo: Tory Ho

Hong Kong’s stock rally still has room to run on ‘reasonable’ valuations, Templeton says

Hong Kong stocks remain favourable, as attractive valuations and easing tariff uncertainty have enhanced the predictability of corporate earnings on the city’s stock market, according to US fund manager Franklin Templeton. The firm, which manages US$1.5 trillion of assets worldwide, was “constructive” on Hong Kong and mainland China’s stock markets, as the valuations remained reasonable

Kicking addiction: Hong Kong team seeking redemption at Homeless World Cup

Kicking addiction: Hong Kong team seeking redemption at Homeless World Cup

A team of Hong Kong footballers and coaches, who have struggled with gambling and drug abuse, are aiming to overcome their pasts by competing in the 20th Homeless World Cup in Norway this week. The players, led by captain Habib Akeel Amjid, flew to Oslo on Thursday to represent Hong Kong at the tournament, where