How Yung Kee and other Hong Kong heritage brands innovate to thrive in challenging times

From franchising to diversification, Hong Kong’s heritage brands and long-running family businesses are looking for ways to navigate challenging times amid changing consumption patterns and soaring costs.
Second- and third-generation stewards of three local brands – charcoal-roasted goose restaurant Yung Kee, toy manufacturer Kader Holdings and construction group Asia Allied Infrastructure – are using different strategies to adapt to the changing times, they explained recently in an interview...