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Zouk Group to recoup pandemic losses by end-2022; makes new F&B and nightlife plans

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Paige Lim

Published Sat, Aug 13, 2022 · 05:50 AM

Andrew Li, chief executive of Zouk Group, is "a hundred per cent” certain that its Singapore nightclub takings alone will cover for 2 years’ worth of losses by year-end. PHOTO: ZOUK GROUP
During the pandemic, Zouk transformed its Capital lounge into pop-up restaurant Capital Kitchen. PHOTOS: ZOUK GROUP
To strengthen its F&B offerings, Zouk Group opened Japanese-French omakase restaurant Maison Shūko last month. PHOTO: ZOUK GROUP
Clubbers dancing at Zouk Clarke Quay during pre-pandemic times. PHOTOS: ZOUK GROUP

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ZOUK Group expects to recoup its pandemic losses by end-2022 on the back of a nightlife rebound, with further plans to expand both its food and beverage (F&B) and overseas nightlife portfolio.

Chief executive Andrew Li is “a hundred per cent” certain that the lifestyle and entertainment operator’s Singapore nightclub takings alone will cover 2 years’ worth of losses by year-end, he told The Business Times.

Since the group’s flagship establishment Zouk reopened as a nightclub at Clarke Quay in end-April, it has been generating “triple” of what it used to make in 2019, Li said. All nightlife businesses in Singapore were permitted to fully reopen from Apr 19, following 2-year-long curbs due to the Covid-19 pandemic.

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