HONESTBEE has promoted its chief of staff Varian Lim to be its new chief operating officer (COO), the distressed grocery startup announced on Friday. 

HONESTBEE SAGA

THE Singapore High Court has given honestbee four months of protection from its creditors, two fewer months than what the distressed grocery startup had sought, The Business Times has learned.

THE Singapore High Court has given honestbee four months of protection from its creditors, two fewer months than what the distressed grocery startup had sought, The...

HONESTBEE RESTRUCTURING

EMBATTLED honestbee burnt through an average US$6.3 million per month in the first half of 2019 to post an unaudited net loss of US$38.1 million, The Business Times understands.

EMBATTLED honestbee incurred an unaudited net loss of US$38.1 million in the first half of 2019 while burning through US$6.3 million per month on average, The Business...

NEWS ANALYSIS: HONESTBEE RESTRUCTURING

AS HONESTBEE seeks court protection to restructure some US$209 million worth of debt, questions remain about whether its key backer and chairman Brian Koo holds all the cards, or if minority...

THE Central Provident Fund (CPF) Board is taking enforcement action against honestbee for failing to pay contributions for its employees in July, a spokesman for the board said in response to...

STARTUPS

THE Singapore High Court has given honestbee an extra month to beef up its application for a six-month debt moratorium against its creditors, chief executive Ong Lay Ann said on Tuesday.

A SINGAPORE High Court has granted honestbee another month of court protection on Tuesday, so that the embattled startup can refine its application seeking a six-month debt moratorium from its...

STARTUPS

TO convince creditors to back its debt restructuring plans, honestbee must demonstrate its business viability in the cutthroat offline-to-online retail scene, industry watchers told The Business...