financial troubles – Charm

Financial woes of Hong Kong’s West Kowloon arts hub deepen amid weak spending

Cs news2 months ago02 mins

The managing authority for Hong Kong’s arts hub is contending with deepening financial woes and weakened local spending, with its revenue in the 2024-25 financial year contracting by 18 per cent and its operating deficit ballooning to HK$769 million (US$98.5 million). According to a legislative paper released on Wednesday, the West Kowloon Cultural District Authority’s…

8 Restaurant Chains That Are Struggling Financially

Cs news3 months ago022 mins

With their fancy marquees and constant all-you-can-eat flash sales, it’s tempting to think that franchising a restaurant chain is a guaranteed financial success, whether it’s McDonald’s or Hardee’s or even Planet Hollywood. However, this isn’t always the case. According to DoorDash, the average restaurant profit margin is only between zero and 15%, though most fall…