habitat may be history; honestbee looking at quick service restaurant concept

habitat closure could be major roadblock to rescue bid; failed startup is in negative equity of S$166m

Sharanya Pillai

Published Fri, Feb 21, 2020 · 09:50 PM

Singapore

EMBATTLED startup honestbee is considering closing its concept supermarket habitat for good - and is instead planning to relaunch its business in the form of quick service restaurants (QSR) in the Central Business District and the heartlands.

The Business Times (BT) has learned that the QSRs would tap habitat's 16 food and beverage concepts.

BT understands that the possible closure of habitat at Boon Leat Terrace was prompted by significant overhead costs and uncertainty over its tenancy. Landlord LHN Space Resources, which seeks to retake the pr…