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What is the reason for the collapse of billions of catering giants and the bankruptcy of Tan Yutou?

A well-known catering company like Tan Yutou, a billion-dollar catering giant, went bankrupt recently. What was the reason? According to news reports, the main reason for the bankruptcy of Tanyutou Company was that the boss gambled. Tan Changan, the founder of Tanyutou Catering Company, was interviewed by the news. During the interview, the reporter asked why the company closed down. Tan Changan, the founder of the company, admitted that he participated in gambling, but gambling won money, and his company closed down not because of gambling. As a big shot in the catering industry, Tanyutou, a catering company with tens of billions of assets, went bankrupt. For many people, this company has a very delicious diet, which has brought a very good leading role to the catering industry. At first, Tanyutou had tens of thousands of employees and nearly tens of billions of assets, and it was one of the most promising companies, and it also joined a lot of partners. But now Tanyutou, a catering company, has closed its last store in Chengdu. For Tan Changan, the founder of the company's bankruptcy, it is not because of his gambling, but because of the catering industry. In fact, at first, Tanyutou Catering Company wanted to go public. That's because the gambling of Tan Changan, the founder of the catering company, caused the catering company's capital turnover to fail, and owed a lot of gambling foreign debts in Macao. Therefore, all the money earned by the catering company is used to pay back the gambling money, so without the turnover of funds, the company can't continue to operate, so the catering company can only face bankruptcy. As for the main reason for the company's bankruptcy, the founder Tan Changan does not admit that it is because of his gambling, but because of the rise of other catering industries, the rise of other brands of catering industries has put too much pressure on his competition. Plus, I am addicted to gambling, so I can't concentrate on running the company, which leads to the bankruptcy of the company. Therefore, the main reason for the bankruptcy of the company is the rise of other catering industry brands. Coupled with the lack of innovation in his own company, the boss could not concentrate on running the company, and the boss gambled, so he eventually went bankrupt.