Tai Lin Radio Services Closed Down
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HONG KONG - 17 Oct., 2008 - 62 year old Hong Kong electrical appliance retailer Tai Lin Radio Services (泰林無線電行) closed down all 13 branches suddenly today under HK$100 million of debt. About 260 employees were affected.
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The closure of business was the second collapse in a week of a retail chain amid the financial turmoil, after last week's bankruptcy of fashion chain U-Right.
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Tai Lin Radio Service Limited had it's beginnings in 1946, being one of the earliest electrics appliance store in Hong Kong. Retailing and repairing radios were the core early stage business of Tai Lin, by growing of the business, product range expanded broadly to televisions and electronic appliances. In 1975, Tai Lin even introduced the first stereo Hi-Fi to Hong Kong.
Stock Photo ID: hkdigit-20081018-140020
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