Hong Kong fast food king thrives in downturn
Thursday, 13 August 2009
HONG KONG, Aug 12 (AFP): When restaurants in Hong Kong closed down one after another at the peak of the financial crisis, Michael Chan noticed the queues in his Cafe de Coral fast food outlets grew longer by the day. And the clientele was changing.
No longer was the 40-year-old chain serving only middle-to- low-income customers. Among the new diners were bankers and fund managers, more used to power lunches at five-star hotels and private clubs.
No longer was the 40-year-old chain serving only middle-to- low-income customers. Among the new diners were bankers and fund managers, more used to power lunches at five-star hotels and private clubs.