Fashion
Juice chain Hui Lau Shan has been served with a winding-up order in Hong Kong’s High Court over unpaid rents for one of its mall locations, dating back to October.
Hong Kong-headquartered Hui Lau Shan, known for its mango platter and glutinous rice balls in mango juice, has 260 stores around Asia, including in the Philippines, Malaysia and Mainland China.
According to the South China Morning Post, the winding-up petition was filed by Kuen Kee Trading Company and relates to a store in Kowloon which has been vacated.
A separate legal action was filed the same day over HK$195,000 (US$25,000) in rent arrears for a store in Lam Tin.
Since 2012, Hui Lau Shan has been pursuing a regional growth program, but the advent of social unrest in Hong Kong mid last year significantly impacted on sales.
Founded by Hui family, Hui Lau Shan opened its first outlet in Yuen Long in the 1960s. In 2007, Hui Lau Shan was acquired by private equity firm Navis Capital Partners.
According to the South China Morning Post, Hui Lau Shan has received at least six legal actions since last November alleging unpaid rent at multiple stores.
