Friday, July 3, 2015

Yung Kee: A Family Feud Divides Hong Kong

BENNEDSEN Morten, FAN Joseph P. H., HENRY Brian, WIWATTANAKANTANG Yupana
©2015 INSEAD Case Study
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The Kam family has owned Yung Kee, a huge 750-seat restaurant in Hong Kong, for more than 50 years. Starting out as a food stall, the business still 'packs them in' today. However, soon after the death of the patriarch, at the age of 96, in 2004, his two oldest sons became embroiled in a bitter and very public family feud over the restaurant's management and the family fortune, estimated to be worth HK$2 billion.