Hotel and theme park operator Leofoo Tourism Group (六福旅遊集團) is looking to shore up its food and beverage business through online sales after closing its flagship property, the Westin Taipei (台北威斯汀六福皇宮), at the end of last year, communication official Grace Huang (黃馨儀) told a media briefing yesterday.
The group is shifting its focus to Leofoo Hotel (六福客棧) in Taipei’s Zhongshan District (中山) and Courtyard by Marriott Taipei (六福萬怡) in Nangang District (南港), with a goal to keep food sales unchanged for the Lunar New Year, Huang said.
“We expect sales to hold steady at NT$10 million [US$324,465], as the closure of Westin Taipei will more or less have a negative impact,” Huang said.
The group is seeking to mitigate losses through collaborations with retail partners, such as 7-Eleven, Hi-Life International Co (萊爾富), Carrefour (家樂福) and other supermarkets, Huang said.
The goal is achievable, as more people are opting to buy packaged meals to avoid the trouble of cooking over the holidays, Huang added.
The company in November launched its own e-commerce platform, Elite Living, to keep popular Westin Taipei dishes alive, she said.
Huang declined to comment on the group’s overall business target this year, as Westin Taipei has historically been the main contributor with seven restaurants and 226 guestrooms.
The group also owns Leofoo Village Theme Park (六福村) and the adjacent Leofoo Resort Guansi (關西六福莊) in Hsinchu County, as well as movie theaters and bakeries.
Downsizing efforts might allow the group to restructure its finances and turn a profit after this year, group chairwoman Lulu Chuang (莊豐如) said.
The group has been unable to find a suitable location for Westin Taipei, she said.
Unaffordable rents in Taipei have made the search difficult, analysts have said.
The group is also looking for partners to reinvigorate the 48-year-old Leofoo Hotel.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion