Looking at the current and future market trends, the home furnishing market’s model of small property owners buying and leasing back properties has become a significant issue in China’s home building materials industry. In recent years, the continuous closures and failures of branded chain home stores indicate that the days of easy profits for these store brands as landlords are ending. Red Star Macalline is one of these brands that have met their end.
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China’s Furniture King Goes Bankrupt, Owing Over $18B: Tenants Rapidly Closing and Vacating
