HKEX-listed Cafe de Coral plans China expansion | Retail Asia
,China
77 views

HKEX-listed Cafe de Coral plans China expansion

It is looking to penetrate residential areas in Tier 1 cities.

Hong Kong-listed restaurant group Cafe de Coral has expressed plans for an expansion in China, where domestic consumption is expected to rebound at a faster rate due to its early control of the COVID-19 outbreak, the company announced.

In particular, the group is seeking to penetrate residential areas in Tier 1 cities, whilst expanding  its presence in Tier 2 and 3 cities.

As of 31 March 2021, the Group had a network of 352 stores in Hong Kong, declining from 356 in 2020, and 121 stores in Mainland China, where it expanded from 114.

The group’s profit attributable to equity holders soared 387.7% to $46.25m (HK$359.1m) for FY 2021, which it attributed to government monetary relief of $82.29m (HK$638.9m). Meanwhile, its revenue fell 15.7% to $864.79m (HK$6.71b).
 

Get Retail Asia in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

55% of consumers are frustrated with long log-in and sign up forms.
The platform can issue authenticity certificates with a team of watch appraisers.
It is rolling out a series of promotions including an instant win game.
Some are introducing, expanding, or shortening their quick delivery services.
The flagship store will be open by the spring of 2022.
The store will bring over 800 brands, including those in the electronics sector.
One store caters to travellers, whilst the other is available only to airport staff.
Department stores in the capital have recently become hotbeds of infection.
Winners were awarded via digital award presentations on 12-16 July.
More shoppers are influenced by amusing, short videos when it comes to trying out new products.
Real household spending will continue to fall below pre-pandemic levels in the coming years.
Contrary to the popular stereotype, Singaporean men are more price-conscious than Singaporean women.
Singapore undergraduate teams will compete for $8,000 and an internship with Lazada.
Chain operators are especially expected to grow at a higher rate.