Chain Hated by Hong Kong Protesters Sees Double Digit Drop
- Over 70 of 102 Best Mart 360 stores vandalized: chairman
- Chairman Lin Tsz Fung says he is ‘innocent’ of gang charges
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Snacks chain Best Mart 360 Holdings Ltd. has seen revenue drop by double digits as its stores come under attack by radical Hong Kong protesters in the ongoing anti-Beijing movement that’s gripped the city.
As protests become increasingly violent, more than 70 of its 102 stores have been vandalized in over 180 instances, Chairman Lin Tsz Fung said in an interview Monday with Bloomberg TV. The company has been targeted because some protesters believe that Lin has ties to pro-Beijing gangs from the Chinese province of Fujian, an accusation he denies.