Japanese investor pulls out of LifeBrandz restaurant deal

Singapore

A JAPANESE investor has pulled out of a planned restaurant deal with Catalist-listed lifestyle investor Life-Brandz, the latter said in a bourse filing on Monday.

The investor, chef Kaji Mitsuyoshi, had on Feb 28 agreed with Life-Brandz's wholly-owned subsidiary LB F&B to incorporate a new company, Kaji F&B, and open a high-end Kappo-style omakase restaurant by the end of the year, with Mr Kaiji as head chef.