During this year's Mid-Autumn Festival holiday, Xibei Catering Group's (Xibei) stores in Jinan saw sparse customer traffic. Following rumors of store closures and controversies surrounding the founder's wife pledging her shares, Xibei's business situation remains far from optimistic. Some analysts believe that Xibei's operational difficulties cannot be entirely attributed to Luo Yonghao.
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During this year's Mid-Autumn Festival holiday, Xibei Catering Group's (Xibei) stores in Jinan saw sparse customer traffic. Following rumors of store closures and controversies surrounding the founder's wife pledging her shares, Xibei's business situation remains far from optimistic. Some analysts believe that Xibei's operational difficulties cannot be entirely attributed to Luo Yonghao.