Hong Kong’s Summer of Unrest to become Winter of Our Discontent

Hong Kong Wine Market Facing Worst Slump in Decades

Strong Headwinds for the HK Wine Market

Retail industry facing prospects of 10% layoffs. Restaurants already have retrenched over 6%.

Recent headlines from Vino Joy, Straights Times and South China Morning Post indicated that Hong Kong’s months long protests have already reduced the GDP by over 2%.

Retailers have seen plunging revenues down by over 15%.

Restaurateurs are facing 30% drops in profits.

Wine importers are not immune from this. To date we have seen some major personnel changes, retrenchment and mergers as cashflows have suffered from the same business drops.

With the holiday season upon us, let’s raise a glass and be thankful for friends and family

Cheers!

Protest brought biggest retail slump in Hong Kong, as mass lay-offs expected

https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3041148/holiday-season-brings-little-cheer-hong-kong

https://www.straitstimes.com/asia/east-asia/hong-kong-set-for-worst-ever-wave-of-layoffs-store-closures

Published by thegrapelife

Professional fermented grape taster, Jonathan Mather, originally from Michigan, now hails from the other side of the world- Hong Kong. A sense of adventure and love of exploration has taken Jonathan on some great journeys. Through a love of travel enjoy the pleasure of meeting new and interesting people, and enjoy fine food, wine and music. All of the above; Together if possible! As a classically trained chef and hotelier Jonathan is still exploring life’s pleasures. Over the past two decades, Jonathan has worked in a variety of restaurants and hotels. Passion for great food and wine experiences led to catering and events for hotels. Jonathan’s excitement to explore; meet new people and eat what they eat has led him from street taco stands in Acapulco at 3am to the heights of fine Gastronomy. Always returning for a simple repast of peasant food and great wine- a NY strip rare with salt and pepper, wedge salad, shrimp cocktail, braised osso bucco and a great bottle of wine with some good friends!! While at Michigan State, Jonathan had the honor to run a student led gourmet dinner event for over 300 guests, Les Gourmets. Experience with Les Gourmets and other events sparked a passion for event planning and catering. After graduating from Michigan State’s Prestigious School of Hospitality Business in 1997, Jonathan worked in catering and events with InterContinental Chicago. In the early 2000's Jonathan was a partner in creating YLo Epicure in Denver a gourmet deli and catering company later sold and still one of Denver's top catering offerings. Later moving to Hong Kong, Jonathan has worked in the wine and spirits import and distribution market for over a decade. After a successful chapter with Macallan in sales and marketing, continued rising to General Manager Greater South China for ASC Fine Wines, a division of Suntory. Jonathan has been consulting on import, distribution and brand management for select clients in the region.

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