A man carries bags containing takeaway meals in Hong Kong on July 29 2020, after new social distancing measures came into effect, which include restaurants only being allowed to serve takeaway meals, to combat a new wave of coronavirus infections. Picture: ANTHONY WALLACE/AFP.
Despite the many government tax relief and assistance programmes, many franchised businesses, and perhaps even a few franchisors, will not be able to financially withstand the loss of revenue caused by the Covid-19 crisis and, in many sectors, by the periods of mandatory closures.Nicole Gundelfinger, group marketing manager for Cash Converters; and Tabout the effects of Covid-19 on these businesses.
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