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PRIVACY
Economic Development

Rich List 2013: No.=47 - Woon Wing Yip (£105m)

Woon Wing Yip OBE is investing more than £5 million on a major expansion of his Nechells-based Chinese and oriental superstore and headquarters.

Woon Wing Yip OBE is investing more than £5 million on a major expansion of his Nechells-based Chinese and oriental superstore and headquarters.

Work to enlarge Wing Yip’s existing store and head office to 83,000 sq ft and build a new 30,000 sq ft warehouse on the 10 acre site began last February and is nearing completion.

 Wing Yip now supplies more than 2,000 Chinese restaurants throughout the º£½ÇÊÓÆµ.

 The business, run by Wing Yip’s nephew Henry Yap, is expanding elsewhere, too, including a Chinese superstore in Nottingham. A store in Cardiff and the expansion of existing premises in Manchester, Croydon and Cricklewood are all under way.

 The company has also expanded its traditional Chinese food offering into a pan-Asian concept, covering the cuisine of Japan, Korea, Indonesia, Vietnam, Thailand, Malaysia and Singapore.

He is passionate about education – he sees it as the secret of his own success - and has handed out hundreds of bursaries over the last 12 years to youngsters of Chinese descent to help them complete their education in the º£½ÇÊÓÆµ. He also supports young chefs with the Oriental Cookery Young Chef of the Year award for 18 to 25 year-olds.

It was Woon Wing Yip’s ability to speak English when he came to the º£½ÇÊÓÆµ from Hong Kong 50 years ago that meant he could move up the ladder in business.

He is proud of the fact that his four children – Albert, Brian, Cindy and David - were all able to have a good education, thanks to their father’s success. All his children work in the business with the exception of Cindy who works for a television company in Hong Kong.