 Fairwood was founded by Dennis Lo Fong-cheung, brother of Vitasoy founder Lo Kwee-seong and Café de Coral founder Victor Lo Tang-seong.It opened its first restaurant in December 1972 in Chung On Street, Tsuen Wan, and its second in Fuk Wing Street, Sham Shui Po, five years later.By September 1991 when Fairwood made its initial public offering, it had expanded to 52 locations and operated its own facility for processing food in an effort to lower costs and maintain consistency.