HONG KONG: Hong Kong is facing a wave of restaurant closures with landlords chasing about 8,000 businesses over unpaid rent, and the sudden collapse of a bakery chain signalling the first of such potential shutdowns.
Simon Wong Ka-wo, president of the Hong Kong Federation of Restaurants and Related Trades, said catering businesses in the city were reeling, with the end of a government rent-protection policy and a pandemic-hit economy not yet out of the woods.
