Simon Wong worries about decrease in spending power of locals and tourists after closure of King Parrot Group




Simon Wong Ka-wo

8th June 2025 – (Hong Kong) The King Parrot Group, a prominent name in Hong Kong’s culinary scene, known for its diverse restaurant portfolio and led by Anna Chau, has made the decision to cease operations after 33 years in the industry. The closure of nine establishments within the group took place on Friday, affecting a large number of employees, according to Simon Wong Ka-wo, the President of the Hong Kong Federation of Restaurants and Related Trades.

Wong highlighted the challenges faced by the food and beverage sector, citing a decline in consumer spending from both mainland visitors and local residents, compounded by economic uncertainties. He expressed apprehension about a potential trend of restaurant closures and urged the government to attract high-end tourists to stimulate local economic activity.

The Hong Kong Federation of Restaurants and Related Trades has observed an increasing number of vacant retail spaces, raising concerns about a sustained wave of closures within the F&B industry. Wong pledged to monitor upcoming government initiatives and events in the latter half of the year to assess their potential impact on revitalizing the local economy and encouraging residents to spend within the city.

Established in 1992, the King Parrot Group once boasted over 20 restaurant brands and operated a chain of more than 30 themed eateries, offering cuisines ranging from European to Korean and Middle Eastern. By June 2024, only 11 restaurants remained operational under the group’s umbrella.

The Labour Department has expressed deep concern over the situation, encouraging affected employees to promptly seek support through their branch office for further guidance and assistance.










Source link

Visited 1 times, 1 visit(s) today

Related Article

EU biodiesel tariffs offer Hong Kong a chance to boost adoption of green fuel

EU biodiesel tariffs offer Hong Kong a chance to boost adoption of green fuel

The European Union’s (EU) tariffs on biodiesel and renewable diesel from China present Hong Kong with an opportunity to promote the use of low-carbon fuels, according to a business group, which called for more measures to support its adoption. A dearth of financial incentives and infrastructure has also resulted in limited use by the public

Hong Kong minibus operators hail arrival of over 800 drivers from mainland China

Hong Kong minibus operators hail arrival of over 800 drivers from mainland China

Hong Kong has brought in more than 800 minibus drivers from mainland China as part of a temporary solution to the city’s labour shortage, with operators hopeful the scheme will be extended to help plug gaps in the ageing workforce. Minibus companies made the appeal after authorities reiterated that importing labour was only a “short-term”

Opinion | Hong Kong’s co-hosting of National Games is about much more than sport

Opinion | Hong Kong’s co-hosting of National Games is about much more than sport

With China’s 15th National Games set for November, Hong Kong’s preparations are well under way. From Kai Tak Sports Park cutting its teeth on international events to the mobilisation of 15,000 local volunteers with training and test events, the city’s preparations signal that the Games are more than a sporting event. It is a platform

Opinion | Get elderly housing right and Hong Kong’s silver economy can take off

Opinion | Get elderly housing right and Hong Kong’s silver economy can take off

Hong Kong’s Deputy Chief Secretary Warner Cheuk Wing-hing has announced dozens of measures to promote the “silver economy” and address the needs of the city’s ageing population. These cover five main areas: boosting consumption, developing tailor-made products, promoting quality assurance of “silver” products, strengthening financial and insurance protection, and encouraging older residents to re-enter the

Hong Kong International Airport

Hong Kong Airlines Eyes Flights On Competitive Route To Melbourne

Hong Kong Airlines is set to launch a direct service between Hong Kong and Melbourne, Australia, creating competition on the two incumbent carriers already serving the city pair, Qantas and Cathay Pacific. The airline has secured traffic rights for the route and will announce further schedule details later this year. IATA/ICAO Code HKG/VHHH IATA Code

33-year-old King Parrot Group shuts 9 restaurants in Hong Kong

33-year-old King Parrot Group shuts 9 restaurants in Hong Kong

The 33-year-old King Parrot Group, a well-known name in Hong Kong’s restaurant industry, shut nine eateries on Friday, owing more than 100 staff over HK$1 million (US$127,440), according to a union. The group, which ran more than 20 restaurants at its peak, informed staff of its decision to close the nine outlets with immediate effect

Financial Secretary Paul Chan officiated the office’s opening ceremony. Photo: Handout

Chinese social media giant RedNote opens Hong Kong office, its first outside mainland

Chinese social media giant RedNote has opened an office in Hong Kong, its first outside mainland China, a move the city’s finance chief hopes will provide a boost to local businesses and the platform’s international expansion. Financial Secretary Paul Chan Mo-po said on Saturday that he had personally invited the company, also known as Xiaohongshu,

0
Would love your thoughts, please comment.x
()
x