Results tagged “bankruptcy”

Krispy Kreme might be feeling the squeeze in the United States, but fears of bankruptcy hasn't stopped the uber-delicious donut purveyor from entering China. According to Brand Republic, the shop has partnered with BBDO Guerrero to expand overseas and plans to open up 35 stores over the next five years in Shanghai, Beijing and Tianjin. Yikes! Even more places selling delicious sugar-glazed fried bread? Be still our expanding waistlines.

Hot on the heels of the widely-discussed closure of the Hong Kong-listed Dongguan-based toy manufacturer Smart Union comes the news that yet another toy factory — this time a much smaller one — has gone bankrupt. Once again, the local government has come to the rescue, picking up the tab for lost wages that the now jobless employees are demanding to prevent their anger from boiling over. Do we see a pattern for the future?