Café De JarGor to shutter its remaining 2 stores after a decade
share on
Local restaurant Café De JarGor (大渣哥茶記) has decided to shutter its remaining two stores, according to its social media pages.
According to its official statement, Café De JarGor Kowloon Bay branch will cease operations after 12 June, while the Telford Plaza branch JarGor 1996 (渣哥一九九六) will close on 9 July. However, the restaurant has not specified the reason behind the closure.
"Time has flown by, it's been a decade already! We've met and connected, and we're grateful to have had you alongside us on this journey! Though we're filled with reluctance, the time has come for us to part ways!" the post reads.
Its Facebook post has received over 10k reactions, 550 comments, and 280 shares. While some netizens said they would miss the restaurant, others voiced their hopes to have the chance to enjoy Café De JarGor's offerings again in the future. The restaurant's Instagram post has also received over 3.7k likes and 170 comments.
Back in February, Café De JarGor's landlord posted an eviction notice on the restaurant's entrance, indicating they would file a lawsuit due to unpaid rent. The restaurant's owner acknowledged the notice, stating that business had been poor for nearly two years, especially after the border reopening.
Founded in 2014, Café De JarGor started as a street food shop before expanding into the tea restaurant business. In late 2018, Most Kwai Chung (毛記葵涌) acquired a 49% stake in JarGor 1996 for around HK2.5m. It also invested HK$1.5m to establish the Café De JarGor brand, taking a 49% ownership stake.
Don't miss: Café De JarGor staff considers mass resignations
In February 2022, the owner of the restaurant formally proposed to the management of Most Kwai Chung to terminate the partnership, and requested to buy back its 49% of shares held by the company at the actual market value back in 2018. The incident has been delayed for more than six months, and the restaurant had to consult its legal team for further actions, according to the statement.
After seven months, Café De JarGor announced that its staff was mulling mass resignations after wanting to buy back shares which resulted in its main shareholder Most Kwai Chung placing a higher buyback price.
Café De JarGor filed a lawsuit against Most Kwai Chung subsidiary in District Court in March this year, alleging it failed to pay HK$980k owed per their 2019 agreement. It decided to pursue the full amount plus interest through legal action.
Join us this coming 26 June for Content360 Hong Kong, a one-day-two-streams extravaganza under the theme of "Content that captivates". Get together with our fellow marketers to learn about AI in content creation, integration of content with commerce and cross-border targeting, and find the recipe for success within the content marketing world!
Related articles:
Harvey Nichols to close Landmark store due to weak retail spending
Dah Chong Hong to shut 28 retail stores across HK
City Super’s CookedDeli in TST shuts down after 22 years
share on
Free newsletter
Get the daily lowdown on Asia's top marketing stories.
We break down the big and messy topics of the day so you're updated on the most important developments in Asia's marketing development – for free.
subscribe now open in new window