# restaurant closures
Latest news and articles about restaurant closures
Total: 2 articles found
China’s Restaurant Industry Is Souring: Xibei’s Store Closures Expose Wider Structural Pain
Xibei’s closure of 102 stores has become a high‑profile symbol of wider distress in China’s restaurant sector. Structural pressures—rising food and labour costs, falling per‑capita dining spend and tougher social‑insurance rules—are squeezing margins, prompting widespread closures, weak IPOs and a wave of industry consolidation.
Weibo Ban and Store Closures: Public Feud Pushes Xibei into Survival Mode
A public confrontation between Xibei chairman Jia Guolong and influencer Luo Yonghao has coincided with a sharp revenue slump and the planned closure of about 30% of Xibei outlets. Weibo muted both men's accounts amid accusations of slander and doxxing, underscoring the reputational and political sensitivity of high‑profile public disputes in China.