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February 20, 2020

Coronavirus Covid-19: Hong Kong’s Fulum Group closes 20 restaurants

Hong Kong restaurant chain Fulum Group has decided to close around 20 eateries after one of its employees was diagnosed with the coronavirus Covid-19.

Visit our Covid-19 microsite for the latest coronavirus news, analysis and updates

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Hong Kong restaurant chain Fulum Group has decided to close around 20 eateries after one of its employees was diagnosed with the coronavirus Covid-19.

According to a South China Morning Post report, a Fulum Group employee working at Sportful Garden Restaurant in Wan Chai has contracted the virus.

The decision to close restaurants was taken to ensure the safety of its other workers and consumers, the company said.

Meanwhile, Covid-19 deaths have reached 2,126, with the total number of cases crossing 75,700.

The coronavirus outbreak in mainland China also affected neighbouring Hong Kong, which has reported 65 confirmed cases as of 20 February.

Fulum said in a statement: “The rising numbers of the coronavirus cases have dealt another blow to the weak market sentiment in retail, as well as food and beverage sectors.”

The company has also planned to adopt a series of measures to reduce costs that include unpaid leave for employees, as well as lowering senior management salaries. However, the plan does not involve staff redundancies.

As of September 2019, Fulum Group had 78 restaurants.

Several restaurant businesses in Hong Kong have been affected by this recent coronavirus outbreak.

Last week, another local restaurant chain LH Group announced the temporary closure of all its hotpot locations due to rising concerns of Covid-19 transmission risks during community dining.

616 Hotpot restaurant chain also decided to temporarily shutter four of its 12 outlets for the time being.

Some restaurants have deployed roll-up banners and acrylic panels between tables and diners to reduce contagion threats.

Free Whitepaper
img

What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

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