habitat may be history; honestbee looking at quick service restaurant concept
habitat closure could be major roadblock to rescue bid; failed startup is in negative equity of S$166m
Sharanya Pillai
Singapore
EMBATTLED startup honestbee is considering closing its concept supermarket habitat for good - and is instead planning to relaunch its business in the form of quick service restaurants (QSR) in the Central Business District and the heartlands.
The Business Times (BT) has learned that the QSRs would tap habitat's 16 food and beverage concepts.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
Will the Philippines hit the brakes on a deregulated oil industry amid fuel pain?