The encyclopedia · Strategy & Leadership · Strategic decision · 1986–2026
Hong Kong's once-largest restaurant group went from 18 branches to a silent goodbye
漢寶酒樓, founded 1986 and once 18 branches strong, closed its last 土瓜灣 store in mid-2025 claiming 'renovation', then silently vanished over the next year.
漢寶酒樓 · Han Po Restaurant · 2026-07-24
What happened
漢寶酒樓 was founded in 1986 in 土瓜灣 by 張錫鵬, known as the '龍蝦大王', together with 張道生, founder of the 龍寶酒家 group. From the 1990s the restaurant was best remembered for its lobster dishes, and at its peak it ran 18 branches across Hong Kong, making it the largest restaurant group in the city.
By the 2020s the group had shrunk to a single surviving store, the 土瓜灣 head outlet. In July 2025 news of a closure spread, but the operator denied it, saying the store was only undergoing 'internal renovation' and installing a lift to ease access for older diners. It said the work would take three months or more but gave no firm reopening date.
About a year later, in July 2026, the scaffolding around the site came down and the store's sign was gone, with the upper floor emptied out and no notice posted explaining what had happened. The restaurant had quietly closed without a formal announcement.
No clear business reason was given. Coverage framed the closure inside Hong Kong's wider wave of restaurant shutdowns, and a local KOL who had bet the landmark family restaurant would survive admitted he had been overly optimistic about a place so many regulars depended on.
Why it happened
- A famous neighbourhood institution leaned on brand loyalty and low margins, and the group shrank from 18 branches to one without a turnaround plan
- The 'renovation' denial delayed customers' and the market's read of the real situation, but it did not fix the underlying losses
- A founder-led family business that had rolled back to a single flagship could not keep even that one store alive against rising rent and staffing costs
The lesson
Brand fame does not pay rent — 漢寶酒樓, once the city's biggest restaurant group, shrank to one store and then vanished, and the 'renovation' story only delayed the discovery.
Aftermath
By July 2026 the 土瓜灣 head store of 漢寶酒樓 had been emptied and its sign removed, with no closure notice posted. The group that once ran 18 branches and was Hong Kong's largest restaurant operation had quietly ceased to exist, leaving regulars to discover the exit on their own.
Sources
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