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

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Renald Yeo

Renald Yeo

Published Thu, Dec 28, 2023 · 05:00 AM
    • Bar and restaurant chain Harry’s International had planned to launch a new outlet in the second half of 2023, but expansion plans have since been shelved to 2025 at the earliest.
    • Bar and restaurant chain Harry’s International had planned to launch a new outlet in the second half of 2023, but expansion plans have since been shelved to 2025 at the earliest. PHOTO: BT FILE

    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.

    Singapore SMEsSingapore F&BSingapore economySingapore Consumer

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