Major HK Restaurant Group Shutting Down



ORIGINAL POST
Posted by Ed 3 days ago
King Parrot Group suspected of shutting down; over 50 employees seek assistance
 
Hong Kong's once-thriving King Parrot Group, a major player in the city's dining scene with over 30 restaurants at its peak, is suspected to be ceasing operations, leaving dozens of employees without severance pay and benefits.

The catering group informed staff on June 6 about its closure, with three restaurants shutting their doors permanently. Workers arriving for their shifts were met with boarded-up premises or signs claiming the locations were "under renovation," though the closures appear to be permanent.

https://www.thestandard.com.hk/hong-kong-news/article/304219/King-Parrot-Group-suspected-of-shutting-down-over-50-employees-seek-assistance
 
Their website is gone  
 
 

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COMMENTS
Ed 3 days ago

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.
 
https://archive.md/tjK7r 
 
 

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Ed 2 days ago
Hong Kong’s retail sales dropped for a 14th consecutive month in April, falling by 2.3 per cent, year on year, to HK$28.9 billion (US$3.7 billion). For the first four months, retail sales were down by 5.6 per cent over the same period last year, as witnessed in a string of chain closures.
 
“I agree a sector, or a few sectors, of the overall economy are going through challenges,” he said. “But if you look at the big picture, there are other sectors which are doing very well.”
 
https://archive.md/Tqx6Q
 
I would imagine legal firms handling bankruptcy filings are 'doing very well'... but beyond that? 

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