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

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.