FoodXervices boss overcomes challenges to drive firm's expansion
When Nichol Ng took over her family's food distribution business, she had to work hard to prove herself. And that she did, with turnover growing some five times.
FOODXERVICES' turnover has grown about five times to surpass S$60 million since Nichol Ng took charge of the business in 2007, but she was doubted because of her young age and gender at the start.
Ms Ng, a National University of Singapore graduate who majored in economics and Japanese studies, had set up FoodXervices with her younger brother in 2007 to take over and modernise Ng Chye Mong, a food distribution business started by their grandfather in 1939.
At that time, Ng Chye Mong operated out of a shophouse in Rochor and distributed products such as groceries and Teochew-braised duck to roadside hawkers. Ms Ng's uncles and her father later expanded the business into other areas. In its heyday, the company was involved in making movies and ran a duty-free shop in the Maldives; turnover hit US$250 million by the 1990s.
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