The big chains, such as Burger King and Starbucks, have closed thousands of branches in China due to the Corona's alarm: "early to know the consequences"
Abandoned Starbucks branch in China // Photo: Reuters
The Corona scare is still in full swing, and already some of the huge economic repercussions are likely to be seen in China, and more countries in the world are also likely to slip. Last night (Monday) the Chinese returned from New Year's holiday, but many gave up leaving home, shopping malls and public transport were empty and it seemed that whoever left the house was only the one who was forced or forced to do so. Accordingly, many malls remain closed, part choice and part constraint, as do many restaurants.
Burger King President Jose Sill last weekend confirmed to the media that the company he heads, which includes Popeye's fast food chain and Tim Horton coffee chain, has closed hundreds of branches across China due to the Corona epidemic. "It is still too early to know the long-term implications," the president said, but Sage added: "Almost all closures are only temporary and result from the location of the branches within malls or areas that the authorities have forced to close."
Abandoned Starbucks branch in China // Photo: Reuters
Berger King alone, as mentioned, has more than 1,000 branches across China, currently half of which are closed and the numbers may well rise later, according to developments related to the corona virus and its distribution. Last night in the British Guardian, in a comprehensive article dealing with tourism and economic damage in China alone, it was reported that out of the 4,000 Starbucks coffee chain stores, over 2000 were closed.
Video clips from China, inside and outside malls and shopping malls, show many restaurants completely closed, even where authorities authorize food sales, and even if the restaurants were open, it seemed uncertain who they could sell food to, as long as many Chinese are in their homes, whether voluntarily or not. if not.