Food & Beverage

More than 40% of restaurants saw higher revenue in Q1
20 Apr 21
This represents a jump in growth from the 33% of restaurants that improved results in the the previous quarter.
US-based Impossible Foods reveals price cuts for Hong Kong retailers
4 Feb 21
The price reduction was driven by a surge in sales and production.
Restaurant confidence falls amidst COVID-19: report
26 Jan 21
86% of restaurants are not optimistic for the economy in Q1 2021.
Deliveroo reveals partnership with DON DON DONKI
7 Dec 20
Almost 300 of the megastore’s items are made available for Deliveroo customers.
Donum Estate debuts wine distribution in Hong Kong
3 Dec 20
A selection of wines will be available through their partner Vinopolis Hong Kong.
Restaurant receipts down by a record 35.3% in Q3
6 Nov 20
Total restaurant purchases also hit 33.4% decline.
Food delivery industry supported 48,000 jobs during pandemic
15 Oct 20
The industry earned $8b in revenue.
Restaurant receipts down 25.9% to $21.2b in Q2
5 Aug 20
The declines narrowed from Q1 as social distancing measures eased.
Deliveroo rolls out breakfast service
29 Jul 20
People may now order food beginning 7:45AM on weekdays.
Deliveroo rolls out catering services
29 Jun 20
This new feature facilitates cross-district delivery from over 50 catering partners.
Deliveroo pilots in-app feature allowing users to donate
22 Jun 20
The feature will allow customers to roundup their bills and make financial donations.
Deliveroo signs up over 1,500 new restaurants
1 Apr 20
The app also recently launched “PickUp” feature for users.
Coffee spending to rise 8.2% to $2.2b by 2024 in Indonesia
16 Mar 20
Rising middle class and the new levy on sweetened products will boost its demand.
Total restaurant receipts down 5.9% to $112.5b in 2019
7 Feb 20
Q4 marked the largest fall since the outbreak of SARS in Q2 2003.
37% of restaurants saw revenue growth in Q4 2019
29 Jan 20
However, only two in 10 businesses have reported profit growth.
Investcorp ties up with Chinese firms for US$500m food investment fund
7 Nov 19
Japanese soy sauce is a likely target of the fund.
Restaurant receipts down 11.7% to $26.4b in Q3
6 Nov 19
This is the worst year-on-year decline recorded since the SARS outbreak in 2003.
F&B sector's jobless rate hit six-year high in Q3
21 Oct 19
Unemployment levels in consumption and tourism-related segments were at the highest in two years.
Delivering the Virtual Restaurant of Tomorrow
14 Oct 19
No waiters, no diners: the food delivery boom is opening new doors for restaurants.
Inflation hits 3.5% in August
23 Sep 19
Food prices soared 14.2% in August.
Hong Kong inflation remains unchanged at 3.3% in July
21 Aug 19
Hungry Hongkongers won’t be happy with the inflation rate of 12.8% for food prices.
Restaurant receipts down 0.4% to $28.7m in Q2
6 Aug 19
Receipts of bars, Chinese restaurants and non-Chinese restaurants fell during the quarter.
Restaurant receipts rose 3% to $31.5b in Q1
8 May 19
Non-Chinese restaurants saw $9.58m in receipts.
Food spending to hit $291.6b by 2023
17 Apr 19
Its annual growth rate would moderate from 6% to 5.5% by 2023.
Deliveroo Hong Kong launches ‘Plus' subscription plan
11 Apr 19
Subscribers can have unlimited free delivery for HK$98 a month.
Hong Kong restaurant receipts hit $30.4b in Q4
11 Feb 19
Non-Chinese restaurants saw strong year-end figures.
Tourism to boost Japan's confectionery market to $26.7b
9 Jan 19
South Korean conglomerate Lotte plans to invest $1.2b in Japan to expand its confectionery products.
Restaurants continue to thrive as receipts hit $29.9b in Q3
6 Nov 18
Bars outperformed other food segments after receipts grew 10.1% in value.
Hong Kong seals wine deal with Bordeaux
29 Oct 18
It aims to cement the city’s role as the region’s leading wine centre.
FrieslandCampina: Championing childhood nutrition through innovation and unmatched expertise
2 Oct 18
With its dedication to quality and well-balanced nutrition, FriesdlandCampina’s range of beloved dairy products has been the trusted by...
Restaurant activity picks up as total receipts hit $28.8b in Q2
6 Aug 18
The total value of bar sales outpaced that of Chinese restaurants.
Short term restaurant activity rises as total receipts hit $30.5b in Q1
8 May 18
Thanks to strong performance from Chinese and fast food shops.
F&B sector battered by exits in 2017
1 May 18
A flurry of restaurants caved under mounting competition from international brands.
F&B sector hit by highest vacancy rates in December
26 Mar 18
The industry had roughly 12,120 vacancies.
Short-term restaurant activity picks up as total receipts value hit $112.7b in 2017
6 Feb 18
Thanks to receipts growth in non-Chinese restaurants and fast food shops.
FamilyMart mulls sale of Hong Kong business
11 Dec 17
According to insider sources, it seeks to fetch US$100m from the disposal.
Restaurant receipts and purchases up 5.1% in Q3
27 Nov 17
Positive consumer sentiment buoyed sales.
Hong Kong inks wine deal with Slovenia
5 Apr 17
It will boost cooperation in wine trading and investment promotion.
Total receipts of the restaurants sector up 4.1% to $27.8b in 4Q16
6 Feb 17
The value of total receipts increased 2.9% to $107.4b in 2016.
McDonald's sells control of Hong Kong business
11 Jan 17
Citic and Carlyle Group will take 80% holding in the deal.

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