Deliveroo shuts cloud kitchens in Singapore amid high operating costs
Restaurants are also pausing their expansion plans due to economic pressures, says a Deliveroo spokesperson
Add BT as a preferred source
FOOD delivery giant Deliveroo has ceased operations at its remaining two cloud kitchen sites in Singapore, amid higher operating costs and waning demand from restaurants.
A Deliveroo spokesperson told The Business Times that operating costs at its cloud kitchens have “risen significantly”, as rent and utility rates continue to increase over the last few years.
The spokesperson also noted that its restaurant merchants “are slowing some of their expansion plans due to economic pressures”, including food inflation and rising wages.
TRENDING NOW
Firm loses wrongful dismissal case despite following termination clause
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ
Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation
