Cafe de Coral
"All Happy Together"
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| Publicly traded : 0341 | |
| Industry | Foodservice |
| Founded | Causeway Bay, Hong Kong (1968) |
| Headquarters | Shatin, Hong Kong |
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Key people
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Michael Chan, Chairman |
| Products |
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| Revenue | HK$5.33 billion (2011) |
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Number of employees
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15,000+ (2010) |
| Website | www |
Café de Coral (Chinese: 大家樂, : 0341, Grey Market: ) is a fast food restaurant group which owns and operates fast food chains and restaurants including Café de Coral, The Spaghetti House, Manchu Wok, Oliver's Super Sandwiches, Ah Yee Leng Tong, and others.
Founded in 1968, the Café de Coral group opened its first Café de Coral restaurant in the Causeway Bay district of Hong Kong in 1969. Since then, the group has grown to operate over 580 separate outlets across its brands all over the world. It is the largest Chinese fast food restaurant group in Hong Kong and in the world. In Hong Kong alone, it caters to over 300,000 people on an average day.
The founder of Café de Coral is Victor Lo Tang-seong who died in 2016 at the age of 101. The Cafe de Coral Group was incorporated in 1968 and opened its first Café de Coral restaurant in Causeway Bay in September 1969. The chain gradually expanded over the next decade. In 1977, it started promoting its restaurants through TV commercials. In 1979, it established its first food processing plant in a move to lower costs and ensure consistency. In 1986, the Café de Coral Group went public. In 1988, it opened its 50th Café de Coral restaurant. The years after this would be marked by diversification when it went on a buying spree.
In May 1990, Café de Coral made its first acquisition by buying out the Ah Yee Leng Tong chain for HK$14 million. A year later in 1991, it acquired The Spaghetti House, a popular chain that served HK-style Italian food. The same year, it opened up its second food processing plant. In 1992 it opened both its 100th restaurant and its first restaurant outside Hong Kong in the nearby city of Shenzhen.
In 1996, Café de Coral opened up the first location of its new restaurant brand, Bravo le Café. Also in 1996, it acquired Scanfoods, a ham processing and food distribution business. In 1998, it started yet another restaurant chain called Super Super Congee & Noodle.
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Wikipedia