Tag: Food & Beverage
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Kith Cafe closures in Singapore: Two outlets left as others shut
Singapore becomes one of the latest fronts in Kith Cafe’s evolving footprint Several Kith Cafe outlets have shuttered in recent months, the latest being its West Coast outlet which will close on Monday, Jan 5. This comes months after the Millenia Walk branch ceased operations in October 2025, leaving only two active locations in the…
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Steve Cahillane Named Kraft Heinz CEO
Kraft Heinz Announces New Chief Executive Officer The Kraft Heinz Company (Nasdaq: KHC) has named Steve Cahillane as its next Chief Executive Officer, with the appointment set to take effect on January 1, 2026. The leadership transition marks a significant moment for the Chicago-based food giant, as Cahillane brings a track record of strategic growth…
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Singapore Restaurant Closures 2025: 82% Unprofitable, Upskill Drivers
Overview: A challenging year for Singapore’s F&B sector The Singapore food and beverage industry continues to face mounting pressure as the cost of living climbs and consumer spending shifts. Fresh data shows that more than 3,000 restaurants shuttered their doors in 2024—the highest annual tally in almost two decades—prompting concern about the sector’s long-term viability.…
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Bubble Tea Franchisees Warn Over Flawed Business Model
Background: A New Benchmark for a Bubble Tea Chain In early 2022, discussions between a bubble tea chain’s leadership and its franchisees drew attention to a bold business plan. The core issue at the heart of the talks was a benchmark of 150 cups per day per store. While growth targets are common in franchise…