Be the First to Know

lanka matrimony

Nearly three million Chinese Restaurants, Cafes shut down

0 3

China has seen nearly three million restaurants, cafes and other catering outlets shut down in the past year, according to industry website Hongcan, with many going bankrupt and even hugely popular chains slashing costs by shutting down hundreds of stores.

In early December, top Taiwanese chicken house Zhenghao Da Da went viral on Weibo after it announced it would shutter all its stores in China, starting with the flagship outlet in Shanghai’s New World City Plaza mall.

But the announcement was just “the tip of the iceberg,” according to a Jan 21 analysis published on Hongcan’s website.

“‘Contraction’ and ‘stores closing’ were the new buzzwords for the catering industry in 2024,” the article said. “The negative news just kept on coming, and the sense of chill was overwhelming.”

The closures have been seen across all sectors of the industry, from fine dining to cafes, bakeries and hot pot chains to snacks and fast food.

Even high-end Western fine-dining outlets have been hit by bankruptcy, absconding owners and unpaid wages, “in an extremely embarrassing manner,” the article said, citing the closure of Beijing-based Michelin-starred Italian restaurant Opera BOMBANA, which shut down in April 2024 while still owing its staff wages and suppliers money.

L’Atelier 18, a French restaurant on the Bund in Shanghai with a three-Michelin-star chef shut down after only six months in operation, while Paul Pairet at Roodoodoo also shut its doors less than a year after its opening, according to a list of high-profile closures compiled by Redcan.

Radio Free Asia

The post Nearly three million Chinese Restaurants, Cafes shut down appeared first on DailyNews.

Leave A Reply

Your email address will not be published.