Singapore’s F&B groups delay, scrap new outlet openings amid tough conditions

SOME food and beverage (F&B) operators in Singapore are delaying or even scrapping plans for new outlets this year-end season, in contrast to the usual flurry of openings in previous years.

This November and December, new store openings are down by some 20 to 30 per cent for existing F&B clients of payments service provider EPOS, said director Ian Cheong.

“New store openings are being pushed back to (the first quarter) of 2024 and beyond,” he told The Business Times.