Nicholas Tse lost millions of dollars

Besides participating in the arts, many Hong Kong stars have made money from the business. However, due to the epidemic situation, they suffered heavy losses.

Hong Kong has recently been hit hard by the fifth wave of the Covid-19 pandemic, resulting in the closure of many businesses. In which, F&B is one of the industries that suffered the heaviest losses.

And celebrities are no exception, even if they have a huge bank account. Some had to close shop only a short time after the first outbreak, while others tried very hard to survive, but in the end had no choice but to suspend operations after losing. millions of dollars.

1. Nicholas Tse

Nicholas Tse is a movie star and chef and owner of Chef Nic Cookies.

Besides being an actor and singer, Nicholas Tse is also known as a chef with talent and passion for food. Previously, the actor participated in the TV show Chef Nic. In 2015, the actor launched his own bakery under the brand Chef Nic Cookies. According to the brand's Facebook page, Nicholas Tse has opened six stores in Hong Kong within four years.

However, when the pandemic hit the city, he had to close all of his stores resulting in a heavy loss of business and move his products online to control costs and quality.

Nicholas Tse was forced to close all of his stores due to the ongoing pandemic.

"Our long-term goal is to reopen our physical stores. At this point, we can't give a specific timeline and we're in discussions with other brands to see if that's possible. cooperation is appropriate or not. We will also soon release new products online," said Ta Dinh Phong about the reopening of stores.

2. Ha Sieu Lien

Ha Sieu Lien is the daughter of "gambling king" Ha Hong Sam with his third wife Tran Uyen Tran.

Although she is the daughter of "gambling king" Ha Hong Sam and has since been born with a golden spoon, Ha Sieu Lien still pursues a different direction, which is opening a noodle shop with the brand of Jiu-Wu beef noodles. of Taiwan. In July 2020, the branch in Mong Kok (Hong Kong) suffered a loss due to a significant drop in customer volume and high rental fees even though she ran a lot of promotions, according to 8 Days.

"On some days, we only make around HK$1,000 (approximately 3 million). Since indoor dining is limited, there are nights when we don't have any income and the amount of money we don't have. I don't earn enough to pay the rent," Ha Sieu Lien said.

"Because of the pandemic, we have lost a total of about HK$2 million (over 5.8 billion) in the past half year alone," added the actor's girlfriend.

3. Icy Wong

Icy Wong is known as a famous journalist from Hong Kong. However, a few years ago, the girl born in 1984 left the media industry to pursue her dream of a baker. After taking a course on Le Cordon Bread in Japan, she invested seven figures to open Rise Kitchen in 2019, a bakery restaurant in Tseung Kwan O, according to WeekendHK.

In addition to her business, her bakery has also grown with a purpose that is to bring traditional French baking techniques to Hong Kong.

Unfortunately, it was soon hit hard by the epidemic, causing a 90% drop in business. Although she managed not to lay off any of her employees and weather the storm, she had to close her store at the end of February due to a difficult business situation and rising rents. The bakery's Instagram account posted a note saying goodbye and thanking supporters.

4. Dang Nhat Quan

Former actor Dang Nhat Quan left TVB many years ago to work in finance and insurance. In 2019, he became his own boss when he opened a noodle shop in Yuma Dia with an investment of 500,000 yuan (nearly 1.8 billion). With loyal customers including close friend and celebrity Co Thien Lac has helped with good business.

With the success of the first store, actor Dang Nhat Quan continued to launch the second store in Tsim Sha Tsui with an investment of 1.5 million yuan (more than 5.3 billion).

According to Luju Bar, he was confident of growing it into a chain, but the unexpected pandemic and accompanying restrictions on dining forced him to close both stores in 2020.

Despite losing more than $300,000 (over 6.8 billion), he is optimistic. Although he lost a large amount of money, for Dang Nhat Quan, the actor considered this money like a college tuition fee to gain experience for himself. In addition to enjoying the effort, he also accumulated experience for future ventures.

"There is a fire in your heart that cannot be extinguished. Don't be blindly interested in making money in business and learn from it," he was quoted as saying by 163 News.

5. Duong Minh and Trang Tu Minh

After the success of his first restaurant in Lai Chi Kok in 2018, TVB actor Duong Minh and his girlfriend, Malaysian actress and millionaire heiress Trang Tu Minh, turned the Stew soup company into a chain with a total of six branches, according to Sohu.

However, their business faces obstacles, from a massive protest in 2019 that caused revenue to drop 30%, according to Asian Enews, to a copyright battle with Thai restaurant Blue Elephant over a in their dishes in early 2020, 8days reported. Then it's been a long battle with Covid-19 for the past two years.

Trang Tu Minh revealed that they suffered heavy losses of at least seven figures monthly due to landlords' refusal to reduce rent and declining customer base. As a result, they closed five of their stores, with the rest offering takeout only.

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