Two wine companies listed among China’s Top 50 Wine Importers have told us that they are being owed tens of thousands of yuan in unpaid debts following the abrupt closure of a prominent Shanghai restaurant group.| Vino Joy News
It marks the lowest per-head offering in Xinrongji’s 30-year history — and a sign that even China’s most exclusive restaurants are feeling the pressure as the country’s economy slows and consumer habits shift.| Vino Joy News
Award-winning French chef Daniel Boulud is set to open his first restaurant in Hong Kong next January, marking the culinary icon’s long-anticipated debut in Asia as the city’s fine dining sector faces new challenges from changing consumer habits and cross-border competition.| Vino Joy News
While Western-style eateries are growing in number and market share, a closer look reveals a tale of two trajectories: fast food is thriving, but fine dining closely linked to on-trade wine sales is fighting to survive.| Vino Joy News