Property News · October 24, 2019

Hong Kong retailers that have borne the brunt of protesters’ ire throw in the towel as they decide to sell property, end lease


Companies that have been frequently targeted and vandalised in the increasingly violent anti-government protests since June, because of links to the mainland or their owners supporting Beijing, are looking to downsize their operations amid a gloomy retail environment.Restaurant operator Fulum Group Holdings has put eight properties worth some HK$4.55 billion (US$580.2 million) on sale. Snack food chain Best Mart 360, and Genki Sushi, whose Hong Kong operations are run by Maxim’s Group, are…

Source : South China Morning Post
Read more…Hong Kong retailers that have borne the brunt of protesters’ ire throw in the towel as they decide to sell property, end lease

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