Restaurant operator Hi-Lai Foods Co Ltd (漢來美食) yesterday said that it plans to open three new restaurants in November amid steady sales growth this year.
“We plan to open one vegetarian and one hot pot restaurant in Kaohsiung’s Hanshin Department Store (漢神百貨), and a dumpling restaurant in Taoyuan’s Taimall Family Entertainment Shopping Mall (台茂購物中心) later this year,” a public relations official told the Taipei Times by telephone.
The third, a vegetarian restaurant, would serve dishes with the “five pungent spices” — onions, garlic, chives, green onions and leeks — and aims to differentiate itself from Hi-Lai’s seven existing vegetarian restaurants that do not provide the pungent vegetables, said the official, who asked to remain anonymous.
Hi-Lai as of last month operated 38 regular chain restaurants in Taiwan, two franchises in Shanghai and one in Bangkok, she said, adding that the company is evaluating new opportunities in Shanghai.
Consolidated revenue last month rose 12.64 percent year-on-year to NT$310.2 million (US$9.95 million), with cumulative revenue up 7.53 percent to NT$1.9 billion in the first six months, thanks to contributions from the opening of the fourth and fifth outlets of Cantonese restaurant Celebrity Cuisine (名人坊) in Taipei, the company said on Monday.
The renovated Harbour Restaurant (漢來海港) in Kaohsiung’s Grand Hi-Lai Hotel (漢來大飯店) and another restaurant in Taichung’s Kuang San Sogo Department Store (廣三SOGO) also attracted customers and contributed to sales, the company said.
Harbour Restaurant contributed 51 percent of Hi-Lai’s sales last year, while International Banquet Hall (漢來宴會廳), Celebrity Cuisine, Hi-Lai Vegetarian Restaurant and Cantonese Jade Garden Restaurant (翠園) made up about 39 percent, it said.
Hi-Lai shares closed up 0.35 percent at NT$144 in Taipei trading yesterday, up 16.6 percent so far this year.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip
RSS