Restaurant chain Din Tai Fung (鼎泰豐) today announced it is to close 14 stores in northern China, completely exiting the market by the end of October.
Beijing Hengtaifeng Catering Co (北京恆泰豐餐飲), which operates Din Tai Fung restaurants in northern China, said its 20-year operating license expires this year.
As the board was unable to reach a consensus on continuing operations, its 14 restaurants in the region are to close by Oct. 31, it said.
Photo: Yang Ya-min, Taipei Times
The company apologized for the inconvenience and disappointment the news would cause among its customers, and said it would provide compensation for its workers.
“We continue to be optimistic about the mainland market and will continue to keep an eye on trends and developments in the restaurant industry,” it said. “Hopefully we can work together again in the near future.”
Din Tai Fung opened its first Beijing location in 2004. It currently has 30 stores in China, in Shanghai, Beijing, Hangzhou, Shenzhen, Guangzhou, Suzhou, Xi’an, Wuxi, Qingdao and Xiamen.
The soup dumpling restaurant works with a different partner to operate restaurants in eastern China.
Additional reporting by Yang Ya-min
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