Wowprime to close two brand restaurants

Focus Taiwan
Date: 2018/12/14
By: Jeffrey Wu and Frances Huang 

Taipei, Dec. 14 (CNA) Wowprime Corp., one of Taiwan’s leading restaurant chain operators, said Friday it will shelve two of its brand restaurants by the end of this year, expecting to book one-time losses of under NT$20 million (US$648,088) due to the business closures.

Wowprime, which owns the flagship Wang Steak house chain, said it is closing the Su Food light meal restaurant chain and the Ita Pasta & Bistro chain and the loss could drag down the company’s earnings per share by about NT$0.2 for 2018.

The restaurant operator opened the Su Fu brand in 2010 and has four outlets: two in Taipei, one in Taichung and the other in Kaohsiung.

While ending the Su Fu brand, Wowprime said one outlet on Fuxing North Road in Taipei will be transformed into a new style restaurant and continue to serve customers.

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