Crisis, What Crisis?
This Starbucks under a JF Investment Centre in Jardine House in Hong Kong looks closed or not been opened yet. The coffee chain is not doing well during this financial crisis. Its share price more than halved and profits melted away.
McDonald's is still doing fine. They opened up their 1,000th outlet in China last week and its shares hardly moved down this year.
Maybe it is in their slogan "i'm lovin' it" here next to "love our homeland" on a street garbage can in Shenzhen, China.
Or maybe it is because for the price of one latte at Starbucks you get a whole meal at McDonald's.
© Kees Metselaar November 2008
Labels: china, fast food, financial crisis, hong kong
<< Home