Jones the Grocer chalks up close to S$20m in liabilities
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Singapore
JONES the Grocer's (JTG) Singapore arm has accumulated almost S$20 million in total liabilities, but creditors are likely to recover only a fraction of sale proceeds even if a buyer for the business is found.
The Dempsey Hill and Mandarin Gallery outlets of the Australian gourmet grocer are now up for sale after Singapore-registered Jones The Grocer International Pte Ltd was found to be insolvent and placed under judicial management on March 16.
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