A woman walks by Hsu Fu Chi snacks in a supermarket in Shenyang in northeast China’s Liaoning province on July 5, 2011. Photo: EPA

Nestle to weigh US$1 billion sale of local Chinese brands Hsu Fu Chi and Yinlu

  • The firm is reviewing its ownership of confectionery brand Hsu Fu Chi and Yinlu, known for its ready-made Chinese porridge, say people familiar with the matter
  • Nestle acquired both in 2011, seeking to tap burgeoning demand in China, only to find itself confronted with sluggish growth a few years later
Topic |   Food and agriculture

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A woman walks by Hsu Fu Chi snacks in a supermarket in Shenyang in northeast China’s Liaoning province on July 5, 2011. Photo: EPA
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Almost 300 eateries have closed down since June, according to the head of a trade body. Photo: Nora Tam

Hong Kong food and beverage firms struggling amid protests and slowing economy first to get cash from tycoon Li Ka-shing’s HK$1 billion donation

  • Under the Li Ka Shing Foundation scheme, each eligible restaurant is expected to get HK$60,000 before the end of next month
  • Money is part of HK$1 billion fund announced earlier to help struggling SMEs in difficult times, with retail sector next in line
Topic |   Hong Kong protests

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Almost 300 eateries have closed down since June, according to the head of a trade body. Photo: Nora Tam
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