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The Crostini pastry chain closes for 5 million arrears, replacement notice and severance pay

Crostini, a confectionery chain specializing in high-end sweets, has suddenly announced the closure of all branches of business Zhao Guancong, general manager of rights and interests of the Food and Beverage Syndicate, which assists pastry workers, told the radio program this morning (15) that the company owed its employees a monthly salary in August and September, ranging from 3 to 5 million Hong Kong dollars. He pointed out that he currently assists around 30 part-time employees and the number of hours involved is not high, mainly due to wage arrears in August and September, ranging from 3 million to 5 million in salary.

There is a complaint from the owner amaro, telephone in, that after the closure of the Crostini bakery chain, a group of amaro owner was formed via the mobile communication platform.The first group is full of about 500 people, and another group has over 200+ people to join. Most of them mainly serve to exchange information with each other, hoping to reduce losses. The bitter master bought an average of more than 200 cake vouchers, for around 6,000 Hong Kong dollars. Concerned consumers have asked the Consumer Council for help.

Additionally, Huang Guanghui, the boss of Crostini, told the media yesterday that the 11 branches across the line owed the owners a total of HK $ 6 million to HK $ 7 million in rent. He said he had borrowed a total of HK $ 80 million from friends and personal savings, but he still couldn’t solve the financial problem. He pointed out that after the government’s postponement of lease recovery agreements ended in late July, the company’s cash flow began to run into problems. Previously, the owner arranged for bailiffs to take over 3 Crostini branches, including the Tsuen Wan and Ma On Shan branches, causing a chain reaction. He explained that since the outbreak, business has fallen by two-thirds, fewer people congregate under the ban on gatherings, and cake orders have dropped dramatically. As to why he continued to sell cake cards before graduation, he stressed that he did not want to “go around”, because he had no intention of closing the school, but was forced to do nothing, and had to be confronted by the liquidator. .

The Crostini Plaza Hollywood branch was empty.  (Photo by Zhang Junqin)

The Crostini Plaza Hollywood branch was empty. (Photo by Zhang Junqin)

The Crostini pastry chain closes for 5 million arrears, replacement notice and severance payThe Crostini pastry chain closes for 5 million arrears, replacement notice and severance pay

The Crostini pastry chain closes for 5 million arrears, replacement notice and severance pay

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