https://www.scmp.com/rss/521933/feed Taipan Bread & Cakes: A Hong Kong-based bakery chain, established in 1984, was a significant entity in the Food & Beverage/Retail sector. Best known for pioneering and popularising ’snow skin’ mooncakes, alongside a wide range of baked goods, it served the local Hong Kong market and had a notable impact on the regional mooncake industry. At its peak, it operated numerous outlets across the city. Its business focused on traditional and innovative confectionery. The company ceased operations in... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Harvey Kong Harvey Kong A Hong Kong judge has said his decision to order the winding-up of bakery chain Taipan’s parent company is due to there being “no reliable evidence” that the business can settle its outstanding rent of more than HK$2 million (US$256,500). In a written judgment released on Tuesday, Deputy Judge Gary Lam Chin-ching of the High Court said Vast Luck Company Limited had twice failed to pay its debts, resulting in a breach of what the business earlier stated in court. The winding-up order was handed... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3340707/no-reliable-evidence-taipan-bakery-chain-can-settle-debts-hong-kong-judge?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3340707/no-reliable-evidence-taipan-bakery-chain-can-settle-debts-hong-kong-judge?utm_source=rss_feed Wed, 21 Jan 2026 10:29:36 +0000 Brian Wong Brian Wong A Hong Kong court has ordered the winding-up of a bakery chain and declared a co-founder of a now-closed congee restaurant group bankrupt, highlighting the plight of the local retail and catering sectors amid shifting consumer patterns. The High Court on Monday granted a petition to liquidate Vast Luck Company Limited, the parent company of Taipan Bread & Cakes, after the firm failed to repay a debt of an unspecified sum despite repeated requests. Recognised as a top Hong Kong brand for its... https://www.scmp.com/news/hong-kong/law-and-crime/article/3340406/hong-kong-court-orders-winding-bakery-taipan-declares-ocean-empire-founder-bankrupt?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3340406/hong-kong-court-orders-winding-bakery-taipan-declares-ocean-empire-founder-bankrupt?utm_source=rss_feed Mon, 19 Jan 2026 07:47:53 +0000 Lam Ka-sing Lam Ka-sing As Hong Kong leader John Lee Ka-chiu prepares his fourth policy address, he faces a significantly different landscape compared with last year. Public expectation is growing for how he will tackle major issues differently. The Post looks at how political factors and economic trends will shape the policy blueprint to be announced on Wednesday. 1. Why is Lee delivering his blueprint earlier this year? The city leader will deliver his annual policy address on September 17, about a month earlier than... https://www.scmp.com/news/hong-kong/politics/article/3325574/how-will-hong-kong-leader-john-lees-2025-policy-address-differ-previous-ones?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3325574/how-will-hong-kong-leader-john-lees-2025-policy-address-differ-previous-ones?utm_source=rss_feed Mon, 15 Sep 2025 07:12:48 +0000 Lisa Cam Lisa Cam In June, another Hong Kong food stalwart fell victim to the city’s economic downturn as Taipan Bread & Cakes, a bakery chain with more than 40 years of history and which pioneered the snow skin mooncake, closed its doors. In 1989, the company created its popular chilled mooncake, which – unlike classic mooncakes baked with a golden, lard-rich crust – feature a glutinous rice flour skin with a mochi-like texture. They are not baked, but instead steamed and served chilled. Traditional mooncakes... https://www.scmp.com/lifestyle/food-drink/article/3322812/where-buy-snow-skin-mooncakes-hong-kong-now-taipan-bread-cakes-has-closed?utm_source=rss_feed https://www.scmp.com/lifestyle/food-drink/article/3322812/where-buy-snow-skin-mooncakes-hong-kong-now-taipan-bread-cakes-has-closed?utm_source=rss_feed Mon, 25 Aug 2025 04:53:23 +0000 Ambrose Li,Willa Wu,Jiang Chuqin Ambrose Li,Willa Wu,Jiang Chuqin Hong Kong’s restaurant sector is in crisis, with a wave of closures, shrinking margins and residents lured by cheaper options locally and across the border. In the first of a two-part series, the Post looks at the industry’s troubles and whether it can reinvent itself. Hong Kong’s Metropol Restaurant has been bustling like the good old days in recent weeks as diners seek a last taste of favourites such as “har gow” and “siu mai” before its dim sum trolleys trundle away and it closes for good in... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3322421/there-any-way-back-hong-kongs-crisis-hit-restaurant-sector?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3322421/there-any-way-back-hong-kongs-crisis-hit-restaurant-sector?utm_source=rss_feed Wed, 20 Aug 2025 00:30:11 +0000 Fiona Sun Fiona Sun About 50 workers, including five imported staff from mainland China, are seeking to recover more than HK$7 million (US$892,000) in unpaid wages and other payments following another restaurant closing amid a string of shutdowns in Hong Kong’s catering industry, a union has said. Chiu Kwun-chung, head of the Eating Establishment Employees General Union’s labour rights committee, said the group was notified on Friday morning that Glorious Seafood Restaurant at Cheung Sha Wan Plaza had closed... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3320444/about-50-workers-hong-kong-owed-more-hk7-million-another-eatery-closes?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3320444/about-50-workers-hong-kong-owed-more-hk7-million-another-eatery-closes?utm_source=rss_feed Fri, 01 Aug 2025 09:08:08 +0000 SCMP Editorial SCMP Editorial The closure of well-known bakery chain Taipan Bread & Cakes, after 41 years in business, is the latest blow to Hong Kong’s struggling food and beverage sector. There had been signs all was not well, so the company’s demise is not a complete surprise. Three branches at MTR stations had already shut, and the usual mid-June recruitment of staff to make and package mooncakes did not materialise. But the loss of the bakery, which pioneered the production of “snow skin” mooncakes in 1989, will be... https://www.scmp.com/opinion/comment/article/3315969/taipan-bakery-closure-hong-kong-again-emphasises-need-businesses-adapt?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3315969/taipan-bakery-closure-hong-kong-again-emphasises-need-businesses-adapt?utm_source=rss_feed Thu, 26 Jun 2025 22:30:07 +0000 Danny Mok Danny Mok Luxury supermarket chain City’super is closing its last remaining food court in Hong Kong’s Times Square shopping centre, as the city’s sluggish economy continues to take a toll on the catering and food production sectors. The Amazing Food Hall in the upscale mall and office complex in Causeway Bay will be closed from June 30, with the space returned to the landlord upon lease renewal, a spokeswoman said on Thursday. The closure means City’super will no longer operate any food courts after the... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3315958/hong-kong-high-end-supermarket-chain-citysuper-shut-its-last-food-court?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3315958/hong-kong-high-end-supermarket-chain-citysuper-shut-its-last-food-court?utm_source=rss_feed Thu, 26 Jun 2025 10:28:31 +0000 Elizabeth Cheung,Vivian Au Elizabeth Cheung,Vivian Au The closure of a 41-year-old Hong Kong bakery chain, known for its “snow skin” mooncakes, has left 211 employees seeking help from labour authorities over HK$32 million (US$4.1 million) in unpaid wages, dismissal compensation and other debts. The Labour Department said on Wednesday that the sum owed by Taipan Bread & Cakes mostly consisted of unpaid wages and dismissal compensation. “We are very concerned about the incident and urge the affected employees to register their information with the... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3315729/199-hongkongers-seek-help-after-closure-snow-skin-mooncake-inventor-taipan?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3315729/199-hongkongers-seek-help-after-closure-snow-skin-mooncake-inventor-taipan?utm_source=rss_feed Wed, 25 Jun 2025 04:00:03 +0000