Royal Woodworking, which closed the doors on its Alexander Street store last week after over 50 years in business, is expected to become the latest location in the city rented by Chinese merchants.
Locally-owned businesses have been increasingly renting their spaces or selling property that was traditionally owned and operated to Chinese nationals.
Stabroek News understands that Royal Woodworking was contemplating selling the building, but later decided that renting the space was the right move for now. When contacted, the proprietor said he did not wish to comment further but