Food & Beverage

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.
Hong Kong is tagged the most enticing place for new retail entrants
15 Aug 16
This is despite retail sector headwinds.
Could this be the best sandwich place in Hong Kong?
19 Jul 16
Customers are allowed to create their own sandwich.
Take a sneak peek at Sheraton Hong Kong’s newly renovated Lobby Lounge
1 Apr 16
Their new paired menu is not to be missed too.
Foodpanda buys HK business of Delivery.com
1 Apr 16
With the aim of consolidating market leading position.
Foodpanda buys HK business of Delivery.com
22 Mar 16
With the aim of consolidating market leading position.
Tingyi Holdings says net profit dived 35-40% in FY15
4 Mar 16
Unexpectedly worse noodle sales were cited.

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