Latest news with #Fairwood
South China Morning Post
06-07-2025
- Business
- South China Morning Post
Why are Hong Kong fast-food giants Cafe de Coral, Fairwood suffering in downturn?
Two of Hong Kong's largest fast-food chains, Cafe de Coral and Fairwood, both suffered a near 30 per cent drop in profits last year, with experts attributing their struggles during the economic downturn to ageing diners and intense competition from delivery platforms. The two companies were considered resilient players during previous downturns caused by global financial meltdowns in 1997 and 2008 and two health crises – the 2003 outbreak of severe acute respiratory syndrome (Sars) and the Covid-19 pandemic in 2020. But Cafe de Coral, founded in 1968, and Fairwood, established in 1972, are arguably facing their biggest challenge in more than half a century. 'Fairwood and Cafe de Coral are 'inferior goods', which means they perform better when the economy is bad, and even outperformed some mid- to high-tier restaurants during previous recessions,' said Billy Mak Sui-choi, an associate professor at Baptist University's department of accountancy, economics and finance. 'Now, the competitive market, the ageing population, shifts in consumer habits, and these chains not going onto delivery platforms all contribute to their decreasing profits.' In the last financial year, Cafe de Coral Holdings' net profit dropped by 29.6 per cent from 2023-24 to HK$233 million. Fairwood Holdings' net profit fell by 28.8 per cent to HK$36 million.
South China Morning Post
27-06-2025
- Business
- South China Morning Post
HK$15 meals for 50,000 elderly Hong Kong residents in coupon initiative
About 50,000 elderly Hong Kong residents will receive coupons in July and October, enabling them to purchase breakfast or afternoon tea for HK$15 (US$2) as part of a government-funded initiative. Secretary for Labour and Welfare Chris Sun Yuk-han announced on Friday that participants would receive six coupons next month, which can be used to buy breakfast at a discounted price of HK$15 at branches of six taking part restaurant groups: Fairwood, Cafe de Coral, Tai Hing, Maxim's, McDonald's, and Ngan Lung Restaurant. 'We hope the coupons will also help lure the hidden elderly to come out,' he said, citing those not known to community networks who were identified through 214 centres for the aged across the city. The authorities previously launched a similar scheme in the first quarter of this year, offering elderly residents meals like baked pork chop rice and fish burgers for HK$25 at designated restaurant groups. Those coupons were valid from the beginning of Lunar New Year until the end of March. Sun said that the coupon usage at that time was around 76 per cent.
Yahoo
17-05-2025
- Yahoo
Police investigating shooting that left two men dead in south Kansas City
Two people were killed in a shooting in the Fairwood and Robandee neighborhood in south Kansas City on Friday evening, police said. Officers were initially called shortly before 7:30 p.m. to the area of East 92nd Terrace and James A. Reed Road for an injury accident, and while they were on their way to the scene, the call was upgraded to a shooting with a victim, said Capt. Jake Becchina, a spokesman for the Kansas City Police Department. Officers found a man in the area who had been shot, outside a vehicle, he said. Officers were also notified of another vehicle that had crashed near the intersection of East 93rd Street and James A. Reed Road, and there they found a vehicle with another man who had been shot. Both men were declared dead at the scene Friday evening, Becchina said. Homicide detectives are investigating the shootings, he said. 'They are conducting area canvases and looking for any potential witnesses to determine the sequence of events that led to the shooting,' he said. 'Additionally crime scene investigators are processing the scene for evidence to hopefully give detectives a better idea of what led up to the shooting.' Anyone with information about the shooting may contact investigators directly at 816-234-5043 or by calling the TIPS Hotline anonymously at 816-474-TIPS. The deaths were Kansas City's 58th and 59th homicides of the year, according to data tracked by The Star, which includes fatal police shootings. By this time in 2024, the city had recorded 55 killings. Last year, the city ended the year with a total of 147 homicides.
Yahoo
10-05-2025
- Yahoo
Renton, WA police, SWAT involved in shooting that injured 2
The Brief One person is in custody and two others were injured after a police shooting in Renton Friday afternoon. Officers and SWAT were trying to arrest a suspect in another shooting when gunfire broke out. No officers were injured. RENTON, Wash. - One person is in custody and two others were injured after a police shooting in Renton on Friday. What we know According to Renton police, the shooting happened in the afternoon at the intersection of Southeast 168th Street and 116th Avenue Southeast, near Fairwood. There is a large police presence in the area. No officers were injured in the shooting. Officers and Valley SWAT were trying to arrest a suspect in a separate shooting when gunfire broke out, police said. That other shooting happened Thursday night near Northeast 6th Street and Queen Avenue Northeast, and left an 18-year-old man in critical condition. The King County Independent Force Investigative Team is now investigating the shooting. What we don't know The current condition of the two people who were injured is unknown at this time. It also wasn't specified how many officers discharged their weapons. This is a developing story. Check back for updates. The Source Information in this story came from social media posts from the Renton Police Department. New area code coming to Seattle area in June. What to know WA's first In-N-Out gets closer to opening date VIDEO: Dramatic arrest of WA mother carrying toddler, stolen gun Pro-Palestinian protesters cause $1M in damage at UW, 34 arrested Health experts say 'harmless' symptoms could be signs of blood disease 2 WA brothers arrested after high-speed pursuit on I-90 Video shows shackled inmate escape custody at Sea-Tac, board light rail To get the best local news, weather and sports in Seattle for free, sign up for the daily FOX Seattle Newsletter. Download the free FOX LOCAL app for mobile in the Apple App Store or Google Play Store for live Seattle news, top stories, weather updates and more local and national news.
